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EU Parliament e-commerce import VAT proposals briefing

26 July 2024 in

E-commerce package

Parliament comments on EC IOSS threshold removal proposal The European Parliament has produced a briefing on the European Commissions proposals for e-commerce import VAT reforms. This includes: Removal of IOSS €150 threshold reporting limit Extend deemed supplier obligations for marketplaces facilitating consignments exceeding €150 Removal

EU review of VAT on Vouchers

24 July 2024 in

EU VAT

European Commission issues evaluation of voucher VAT rules The European Commission (EC) has issued its review of the application of VAT rules on the use of vouchers across the 27 member states. This follows the introduction of harmonisation VAT voucher rules in January 2019. The

EU energy tax reform remain on hold till 2025

18 July 2024 in

European Energy Taxation Directive

Negotiations to overhaul Energy Taxation Directive further delayed to 2025 The new Hungarian presidency of the Council of the EU has confirmed that it will not be looking to rekindle stalled discussions on revised taxation of aviation and marine fuels. Some countries oppose the revised

EU bet on behavioural taxes carries revenues risks

17 July 2024 in

Behavioural Taxes

Behavioural taxes may be too successful to generate EU own resources Constantly looking for ways to generate EU-level ‘own resources’, the European Commission is increasingly exploring behavioural taxes to diversify and grow its budget revenues. Behavioural taxes are levies designed to influence individuals’ and businesses’

EU proposes digital VAT exemption certificate 2026

14 July 2024 in

EU VAT

Digital Certificate to replace paper version from 1 July 2026 The European Commission is proposed to amend the VAT Directive to allow for a digital VAT exemption certificate. There is already a paper exemption certificate available which will be replaced from 1 July 2026 with

Hungary presidency Council of EU unrushed on VAT in the Digital Age deal

11 July 2024 in

New Council of EU president plays down expectations on quick agreement on ViDA reforms; deep political issue add to likely delays The incoming rotating president of the Council of the EU, Hungary, is set to make little progress in resolving last disagreements on the EU

No EU ViDA agreement until Autumn 2024

9 July 2024 in

e-invoicing

VAT in the Digital Age won’t return to ECOFIN for agreement till Oct or Nov 2024 2nd failure on agreement following Estonia’s block on Pillar 2, Platform Economy, means talks slow change of presidency of Council of the EU. Revised timetable: July 2027 Single VAT

EU structured e-invoice EN16931 standard

30 June 2024 in

e-invoicing

Overview of the compliance of electronic invoices Standard EN6931 was adopted by CEN (European Committee for Standardisation) on April 17, 2017. It is already adopted for B2G e-invoicing in the EU, and is the basis for the July 2030 Digital Reporting pillar of the EU

EU ViDA Digital Reporting Requirements & e-invoicing 2030-35

27 June 2024 in

Continuous Transaction Controls

ViDA Pillar 1, Intra-community EU Digital Reporting Requirement & e-invoicing 2030; full EU 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, Pillar 3,

EU ViDA Platform Economy ride & accommodation deemed supplier July 2027

26 June 2024 in

DAC 7

Estonia still vetoing 2027 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 VAT role of their underlying

Category: EU