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10/13Tue
  1. Cyprus News European business and economy32

    Christodoulides says new support measures will be introduced on top of the €1 billion aid package

    Cyprus President Nikos Christodoulides said the government is considering further support measures on top of the more than €1 billion in aid already announced and implemented. Some of the new measures will require approval from the European Commission. The government is implementing a three-part plan: zero VAT on some products, tax reform to increase disposable income, and preparations to connect the Vassilikos power plant to natural gas. Cyprus has recorded a budget surplus for the third consecutive year and will present specific proposals at the European Council in Brussels over the next two days.

  2. UK HMRC Tax and Customs Announcements17

    UK HMRC VAT Insurance Guide

    The UK HMRC VAT Insurance Guide explains how to identify the applicable provisions of the European Community Sixth Directive (now the VAT Principal Directive) and UK VAT law. It covers determining whether insurance is exempt, types of insurance, underwriting at Lloyd’s of London, insurance intermediary services, insurance and related services supplied outside the UK, and topics including VAT and Insurance Premium Tax (IPT) and connected persons.