VAT News

January 15, 2010
New EU VAT rules means less VAT charges on services to North American companies
The EU “VAT Pack 2010” rules means that in general, no VAT will be charged on services invoiced from a European company to a North American company, starting in 2010. Examples of such services are clinical research, installations and repairs, and TV and movie productions. VAT will still be charged on other services, such as lodging and meals, tradeshows and conferences. There are exceptions to the rules.

January 3, 2010
Germany reduces the VAT rate on Lodging to 7%
On January 1, 2010, Germany reduced the VAT rate on lodging from 19% to 7%. The rate is applicable to the hotel room only, not to the meals or other services charged on the hotel bills. The VAT incurred is still refundable to the North American company in most cases

November 4, 2009
European Union service providers start to ask U.S. customers for "taxpayer status" confirmation
In preparation for the changing EU VAT rules in 2010, "VAT Package 2010", European service provider companies are starting to send out requests for "confirmation of taxpayer status" to their customers in North America. Please contact EuroVAT for clarification and assistance on how to answer these requests, so that your company minimize the possibility of paying VAT on the services purchased from Europe.
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October 1, 2009
UK VAT Rate will Revert Back to 17.5% from January 1, 2010
The VAT rate in the United Kingdom will increase from 15% to 17.5%, effective January 1, 2010. The rate was temporarily lowered to 15% for the year 2009 in an attempt to help boost the UK economy. To assess your UK reclaim opportunities contact our VAT Experts

September 18, 2009
United Kingdom Filing Deadline Approaching
The deadline for filing a VAT refund claim to the United Kingdom for invoices dated
from July 1, 2008 through June 30, 2009 is fast approaching.
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September 9, 2009
New 2010 VAT Package Financial Services Offered for U.S. Companies
in Preparation of Changing European Rules
Advance VAT registration required by many countries for companies to claim VAT refund
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