tax

A small business VAT exemption for Spain – will this ever happen?

If Spain fails to incorporate into its tax regulations the EU directive 2020/285, approved by the Council of Europe on 18/02/2020, it will be subject to fines from the EU Commission. Perhaps other sanctions will apply and maybe Spain will be prevented from receiving EU funds until they comply. That would be very painful and … Read more

IVA incurred in EU countries

A little interesting fact about claiming IVA incurred on expenses in EU countries. If during the past year your company sent an employee to work in another EU member country, eg you are a Real Estate office and you sent one of your employees to France to attend a large property exhibition, it is very … Read more

Covid-19 – activities forced to close by Government regulations

The original “State of Alarm” declaration was promulgated by the Government with its Royal Decree 463/2020 of 14 March, which contained a list of activities that were closed with immediate effect. The list has grown over time with further regulations. The original closure was for 15 days expiring at midnight on 29 March and this … Read more