Insights

With the help of VAT grouping, a group of companies can share the same VAT number, and thus avoid charges on purchases and sales within the same VAT group.

Whilst consumers are inundated with Black Friday offers, accountants wonder how to record revenue correctly in line with existing accounting standards.

Malta VAT on yachts offers beneficial treatment for certain operations. Under the Malta yacht leasing scheme, the VAT on acquiring a yacht can be...

Download: VAT Newsletter Q3 2020 Local news Commissioner for Revenue News With effect from 1 June 2020 new on-line VAT services for requesting a change in VAT registration and for...

In the simplest of worlds, there would be one global currency. In the simplest of companies you work on, most probably the file is organised, the company has no foreign...

Certain IFRS standards include specific provisions relating to changes in contract terms. Primarily, these standards are: IFRS 9 ‘Financial Instruments’ IFRS 15 ‘Revenue From Contracts With Customers’ IFRS 16 ‘Leases’...

On 2nd July 2020 the CJEU released its decision in the case of BlackRock vs HMRC. The question referred to CJEU was whether different VAT rates could apply to a...

Download: VAT NEWSLETTER Q2 2020 Local news Commissioner for Revenue News The Covid-19 Scheme applicable to the Postponement of the due date for the Payment of Certain Taxes was extended...