Case C-207/23 before the Court of Justice of the European Union (CJEU) deals with the application of VAT under Directive 2006/112/EC, in relation to the free supply of biogas-generated heat by Y KG to other companies for activities such as wood drying and asparagus field heating. Following an inspection, the German tax administration treated these…
Author: José Mª Bové. President of Bové Montero y Asociados. We auditors are faced with an unusual financial year conditioned by Covid-19, in the context of our work on the preparation and oversight of the annual accounts. At the same time, there have been noteworthy regulatory developments such as the recent adoption of…
On 1st January 2021, changes to e-commerce legislation in the UK came into effect. Following on from these, on 1st July 2021, the EU will change the VAT-legislation on e-commerce, bringing in a new set of rules, with different implications for distance sellers acting from within or outside of the EU. If your business…
On 19 May, Bové Montero y Asociados held a conference on the “New accounting standards on revenue recognition” given by Daniel Masferrer, Audit Manager of the Firm. Daniel is Economist, holds a Master’s degree in Accounting and Finance from the University of Phoenix (Arizona), is a Chartered Accountant (ROAC) and a Certified Public Accountant…
The new e-commerce VAT rules will enter into force in Europe on 1 July 2021 and aim to regulate online sales of goods and services from businesses to consumers (B2C) within the European Union. Currently, EU taxation of online sales is based on a threshold system: if a business exceeds a certain sales threshold in…
The new e-commerce VAT rules will enter into force in Europe on 1 July 2021 and aim to regulate online sales of goods and services from businesses to consumers (B2C) within the European Union. As the date approaches, the new regulation is generating uncertainty as it will affect all online sellers, digital platforms or marketplaces,…
For years, the Spanish tax authorities have imposed on companies established outside the EU that plan operating in Spain the obligation to appoint a tax representative with residence in Spain to represent them in their relations with the Tax Administration. This obligation implies, among others, an important extra cost for these companies compared…
Commission calls on Spain to abolish the obligation imposed on non-resident taxpayers to appoint a tax representative The Europrean Commission decided on 25th July 2019 to send a reasoned opinion to Spain for obliging non-resident taxpayers to appoint, in certain cases, a tax representative domiciled in Spain. This can result in extra costs and obstacles…
