Guernsey officials discuss that any future increase to the proposed 5% GST would require a two‑thirds super majority under the island’s Reform Law. The introductory rate would be 5% if retail food sales are included, or 6% otherwise, and a 6% rate would be needed to raise about £50 million net. The proposal aims to keep the tax broad and simple to limit future rate hikes.
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Commercialista Telematico · about 15 hours ago
The 2026 Italian Budget Law amended the VAT base for permutative operations, aligning with EU Directive 2006/112/CE. The new rule requires the taxable base to be the normal value of goods and services, defined as the price a transferee would pay in free competition to an independent third party. This change applies to all permutative operations under Italian VAT law.
VatCalc · about 19 hours ago
The article reviews progress on the EU's ViDA VAT reform pillars, noting technical discussions from the 42nd VAT Expert Group and Future of VAT Group meetings. It highlights key dates such as the 13 February 2026 approval of EN16931, the 1 January 2027 effective date for Phase 1 Single VAT Registration changes, and the €10,000 threshold debate. While the Digital Reporting Requirements pillar is slated for July 2030 and the Platform Economy pillar for July 2028–January 2030, implementation details remain unsettled.
AKM · about 22 hours ago
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Electrifying · about 23 hours ago
The UK Treasury has appealed a tax tribunal decision that ruled public electric vehicle charge points should be subject to 5% VAT. The tribunal had determined that public charge points fall within the domestic electricity supply VAT cut, but the government is contesting this. The appeal was lodged within the 56‑day deadline.
Comarch · 1 day ago
Germany has released new versions of its e‑invoicing standards, including Peppol, KoSIT, and ZUGFeRD, to improve cross‑border interoperability and simplify implementation. The updates introduce a Central Settlement (ZR) framework, gross invoice processing for specific sectors, and updated reference templates for various transaction types.
VatCalc · 2 days ago
Italy's 2026 Budget Law introduces a 2% AgCom contribution on Italian‑sourced digital, media and platform revenues, effective March 2026. The levy applies to both Italian and non‑Italian entities, with per‑mille rates ranging from 0.05% to 0.2% across activity categories and a €100 de‑minimis threshold. Filing is required via AgCom's electronic portal, with penalties up to €130,000 for non‑compliance.
The introductory GST rate would be 5% if retail food sales are included in the tax base.
A 6% GST rate would be required to raise about £50 million net if the tax base is broad.
A two‑thirds super majority is required to change the GST rate under the Reform Law.
The super majority applies to major decisions such as new laws, duty changes, and raising charges like GST.
This summary was published on VATfaqs.com on 15 January 2026. It relates to VAT developments in Guernsey. The original source is Bailiwick Express.
