Indirect Tax Matters Newsletter | November 2021

In this edition of Indirect Tax Matters, we provide you with Deloitte commentary on topical Indirect Tax issues. As we approach the end of 2021, we are looking forward assessing how businesses can prepare for the upcoming compliance obligations that 2022 will bring. We highlight some of the major changes in various EU Member States and for businesses who have Intrastat filing obligations you will need to be aware of the changes to Intrastat returns coming in 2022. We encourage all businesses to review these changes and adjust their internal systems and update their compliance teams accordingly to prepare for this.

As COP26 draws to a close we explore some of the key developments relating to environmental taxes. Both the European Commission and the Irish government have introduced plans to impose measures that will be targeted at activities with adverse environmental impacts. Budget 2022 indicates the likely increasing scope of environmental tax measures to come, making this a key issue for businesses to monitor in the coming months and years. We also note the key measures contained in this year’s budget.

Although EU VAT is primarily based on EU VAT Directives each Member State implements the directive through its own national legislation, this can lead to variations in the manner the EU legislation is applied. This is particularly so in compliance and reporting related matters – a number of Member States are introducing new invoicing and VAT reporting obligations and we share some insights from our Deloitte colleagues across the EU.

Our regular update on recent decisions in Irish and EU VAT cases includes comments as to their implications for business and articles on recent EU VAT cases. We also note and comment on recent updates issued by the Irish Revenue Commissioners on VAT and RCT matters.

Our Indirect Tax team in Deloitte Ireland are acutely aware of the complex issues challenging businesses domestically and globally. Indirect Tax Matters is designed to provide insights to assist you in meeting those ever-evolving challenges.

1. Environmental Taxes – A brief overview of the incoming developments

In this article, we discuss the main incoming changes and proposal regarding environmental taxes at both an EU and domestic level.

2. Important changes to Intrastat reporting in 2022:

In this article, we outline the two new fields that will become mandatory from 1 January 2022 in Intrastat returns.

3. Budget 2022

John Stewart highlights and comments on the main Indirect Tax measures included in this year’s budget.

4. Belgium, Italy, Portugal, Norway – Upcoming Changes

Details of planned changes in 2022 and beyond relating to e-invoicing, SAF-T and VAT reporting obligations, news from our colleagues in the Deloitte network.

5. Recent Irish and Court of Justice of the European Union Cases

Learn how CJEU cases could potentially impact your business with our brief synopsis of some of the more recent decisions.

6. Our view on recent updates from Irish Revenue and EU Commission

Discover our insights as we reflect on ‘ebriefs’ and guidance notes issued by the Irish Revenue Commissioners on Indirect Tax issues.

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