EU Working Party on Tax reviews Fiscal representation to encourage adoption of IOSS and close VAT fraud Proposals are being discussed on 6 November 2024 at the EU’s Working Party on Tax Questions to reform the Import One-Stop Shop reporting to shut down VAT fraud
Parliament reviews behavioural taxes under EU control: VAT; alcohol; tobacco; and energy products The EU Parliament has published a briefing on behavioural taxation, which can be used to influence consumer behaviour, as well as to collect revenue. The EU has set ambitious environmental and health
Digital Certificate to replace paper version from 1 July 2026 On the 6 November 2024, the European Commission’s Working Party on Tax Questions is set to review progress on the prosed Electronic VAT Exemption Certificate. This follows an invitation by the Commission to interested parties
Pillar 2 delay to July 2028 with 10-year opt-out proposal to unlock Estonia’s veto on VAT in the Digital Age. ViDA confirmed on 5th Nov ECOFIN agenda for final agreement A revised VAT in the Digital Age proposal for the outstanding Pillar 2, Platform Economy,
VAT in the Digital Age 1-year delay to Platform Economy to win ECOFIN agreement 5th Nov 2024 Proposed launch of deemed supplier for ride & accommodation postponed to July 2028 to unlock Estonia’s veto. ViDA discussion on agenda at ECON meeting 5 November. Other pillars
ViDA Pillar 1, Intra-community EU Digital Reporting Requirement & e-invoicing Work progresses for 2030 launch and domestic harmonisation 2035 As part of the EU ViDA reforms, EU Finance Ministers gave political agreement to Pillar 1, Digital Reporting in May 2024. One of the other pillars,
2023 data reveals €26 billion raised from OSS & IOSS 150,000 businesses The 2023 evaluation (published 14 October 2024) of the VAT e-commerce package, particularly focusing on the One-Stop Shop (OSS) and Import One-Stop Shop (IOSS) schemes, reflects the substantial progress made in streamlining VAT
Estonia veto means proposed delay to July 2028 of Pillar 2 of ViDA, ride & accommodation platforms becoming deemed supplier As part of the EU VAT in the Digital Age reforms, ride and accommodation marketplaces / digital platforms will take on the deemed supplier for
Annual VAT registration thresholds and Intrastat dispatches & arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Separately, the EU VAT registration threshold equivalence for SME taxpayers resident in other EU states comes
EU use of VAT to promote green policy Objectives and sustainability New energies are being devoted to the use of VAT as a tool to promote environmental sustainability and support its ambitious green policy agenda. The European Commission’s VAT Expert Group (VEG) is expected to
