Non-EU Countries
ISLE OF MAN
Increase of Interest Rates on Late Payment and Repayment
As from 21 February 2023, the interest rate on late VAT payment will increase to 6.5%, and the VAT repayment interest rate will increase to 3%.
UNITED KINGDOM
Online Newspapers Should Not Qualify as Newspapers for VAT Purposes Before 2020
The Supreme Court has ruled unanimously that the VAT zero rate did not apply to digital publications of newspapers during the period that preceded the amendment of the law to include (from 1 May 2020) them in the scope of the zero rate. According to the ruling, the meaning of “newspapers” should be interpreted narrowly as news communicated through the medium of print in a physical form.