Originally intending to introduce a value added tax split payment system from 1 January 2018, Poland delayed plans to April 2018 and is now planning to introduce the system from July 2018. The system is meant to reduce VAT fraud by splitting B2B payments so that the VAT due on an invoice at the time of payment is directly deposited into a restricted VAT account supervised by the tax authority and the net amount is deposited in the supplier's normal bank account. The split payment system is to be voluntary, with certain benefits for taking part, including relief from certain...