On 10 April 2026, Iceland announced a temporary reduction of fuel VAT from 24% to 11% to curb inflation. The cut applies from 1 May to 31 August 2026 and is backed by enforcement powers for the Competition Authority. The move is part of a broader anti‑inflation package that also includes price monitoring and investment in electric‑vehicle infrastructure.
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LinkedIn Article by e-Invoice.app · about 5 hours ago
Ireland's mandatory e-invoicing for large corporates starts 1 November 2028. Revenue has defined large corporates as those managed by its Large Corporates Division and established in Ireland. All Irish businesses must be able to receive structured e-invoices from that date.
B2BRouter · about 7 hours ago
Germany will require all B2B suppliers with turnover over €800,000 to issue structured electronic invoices from 1 January 2027, ending paper invoices by 1 January 2028. The mandate mandates compliance with EN 16931 and permits formats such as XRechnung, ZUGFeRD, and Peppol BIS Billing 3.0. Legacy EDI systems will fail validation unless bridged to these standards.
Energy Digital · about 9 hours ago
UK: New Prime Minister Andy Burnham will cut VAT on electricity bills from the start of October, exempting households in England, Scotland and Wales for six months. The measure will reduce average household bills by about £45 and cost the Treasury roughly £850m this financial year.
RTC Suite · about 19 hours ago
Slovakia will enforce mandatory domestic e-invoicing from 1 January 2027, based on the Peppol network. Businesses must prepare ERP integration, master data quality and compliance processes.
SoftCo · about 19 hours ago
France confirms the e-invoicing mandate will take effect on 1 September 2026. The soft-penalty window has been extended to 31 December 2026, and transitional guidance was issued on 11 July 2026 to assist late-compliant businesses.
Marosa · about 24 hours ago
The EU and several member states have announced new VAT and e-invoicing rules for 2026. Key changes include temporary UK VAT rates, Latvia’s reduced food rate, and Slovakia’s e-invoicing mandate start date.
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Key Takeaways
It applies from 1 May 2026 to 31 August 2026.
The Competition Authority has been given powers to monitor fuel retailers and intervene if the VAT savings are not passed through to consumers.
The government is investing in price monitoring of essential goods and allocating ISK 500 million to expand electric‑vehicle charging infrastructure.
Primary source
Read the full article at VatCalcThis summary was published on VATfaqs.com on 14 April 2026. It relates to VAT developments in Iceland. The original source is VatCalc.
