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Category: EU

EU DAC 7 marketplaces’ transaction reporting – half states miss Jan 2023 implementation

EU DAC 7 marketplaces’ transaction reporting – half states miss Jan 2023 implementation

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EU member states adopting  harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities - first reports due 2024 for transactions in 2023 Adoption of Directive on Administration Cooperation (DAC 7) is underway across the EU states. Sign-up to our free VAT
EU rejects pre-clearance e-invoicing – VAT in the Digital Age

EU rejects pre-clearance e-invoicing – VAT in the Digital Age

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European Commission (EC) proposes near real-time ‘post-audit’ model for 2028 Digital Reporting Requirements; rules out ‘pre-clearance’ reporting and approval by tax authorities of VAT invoices In its proposed Digital Reporting Requirements pillar of its VAT in the Digital Age reforms, the EC has opted not to require

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