The introduction of ‘Split Payments’ will be delayed announced the Polish Ministry of Finance until 1st July, 2018. This anti-VAT fraud measure has already been delayed once since the original launch plan of 1st January, 2018.
‘Split Payments’ is a measure requiring B2B customers to pay the VAT element of an invoice into a separate VAT Bank Account of their supplier. This account is administered by the Polish Tax authorities, and usually may only be used to settle the supplier’s own VAT liabilities.
‘Split Payments’ is already being used in Italy for certain public service supplies. Unlike Poland, the customer has to pay the VAT element directly to the tax authorities.
amavat® provides a one-stop-shop solution for VAT Compliance within Europe. We assist clients with a single point of contact that speaks their language and handles all VAT related issues with a standard and cost efficient approach.
If you have any queries or questions, please do not hesitate to contact amavat®.
To find out more information please visit www.amavat.eu