As we are aware, the United Kingdom (UK) is no longer a member of the European Union (EU). Therefore, the VAT refund procedure regulated by Directive 2008/9/EC[1] for the benefit of taxable persons established in another EU Member State, will no longer apply to companies established in the UK.[2] Accordingly, UK companies incurring VAT in …
BREXIT: SPANISH VAT REFUND FOR UK COMPANIES. (RECIPROCITY) Read More »
Has the conveyancing process changed for UK nationals? No, the property purchase process has no changed as a result of Brexit. However, as an exception to that rule, as from 1 January 2021, UK nationals who wish to buy a property or land surrounding a military base in Spain, will need a military permit from …
BUYING A PROPERTY IN SPAIN AFTER BREXIT: FREQUENTLY ASKED QUESTIONS Read More »
Covid 19 has made remote working the “new normal”. For some employees this means working for a UK-domiciled employer from another country and therefore, from another jurisdiction. Focusing on the Spanish-British perspective, we look at each of the issues that employees and employers should consider under such scenario. TAX RESIDENCY & COVID-19 TRAVEL …
WORKING REMOTELY IN TIME OF BREXIT & COVID-19: CHECKLIST Read More »
From 1 January 2021, travellers from the United Kingdom will be able to claim a refund of VAT on their purchases during their stay in the European Union or Northern Ireland. For further information: https://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio/La_Agencia_Tributaria/Aduanas_e_Impuestos_Especiales/_Presentacion/Procedimientos_y_gestiones_en_la_Aduana/_PARTICULARES/Viajeros/_INFORMACION/Compras__Devolucion_IVA/Compras__Devolucion_IVA.shtml
In 2006 Spain signed a double tax treaty with the UK which means that you should not have to pay tax twice on the same income, and you should only pay tax in the UK or in Spain. The SPAIN-UNITED KINGDOM DOUBLE TAX TREATY remains in force after Brexit. More information: https://www.gov.uk/government/publications/spain-tax-treaties
The Kingdom of Spain (SP) and of the United Kingdom (UK ) have in place a Double Taxation Agreement (DTA) which came into force on 12.06.2014. Accordingly, incomes which would no longer be exempt as a result of Brexit may still be under the DTA. Article 21 of the Spanish Corporate Tax Law 27/2014 …
During the transition period, which will end on December 31st2020, the UK will remain in the Customs Union and the Single European Market. This being the case, the commercial relationship between the UK and the UE shall remain the same as it is at present until 2021. As of 1st January 2021, the flow …