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Month: June 2018

Poland introduces VAT split payments on 1st July 2018

In the European Union (EU) member countries lose billions of Euros worth of Value Added Tax (VAT) each year due to VAT fraud, VAT non-compliance and dated VAT collection processes. A solution for this issue has been sought for quite some time. Some EU countries have been introducing measures to reduce the VAT gap (expected VAT vs collected VAT) and make their systems more fraud-proof. Poland’s President has recently signed a bill into law, which will see a major change to their VAT payment structure from the 1st July 2018. […]
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