ViDA doesn’t achieve political agreement in 2023 The EU’s VAT in the Digital Age 3-pillars of reforms will not achieve final agreement by EU Finance Ministers this year as planned. This means it passes from the current Spanish to the Belgian presidency of the EU
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. The EU plans 2025 VAT registration threshold equivalence for taxpayers resident in other EU states.
40 years’ old travel and tourism VAT scheme needs reform to reflect market developments – slips into 2024 for proposals The 2023 review of the tourism VAT regime has been put on hold. The review was looking to revamp the scheme to reflect modern online
2-year delay to ViDA Digital Reporting; TOMS on hold; 2021 e-commerce figures The EU’s VAT Expert Group (VEG) met at the end of October to review a range of EU VAT reforms and provide feedback for the European Commission. VEG assists and advises the European
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT package and the new VAT in the Digital Age
ECON votes for Directive changes as part of wider March 2028 Customs & VAT reforms On 24th October 2023, the EU Parliament’s Committee on Economic and Monetary Affairs committee (ECON) voted in favour of two amendments to the VAT Directive 2006/112/EC. These two reforms are
ECON votes for 1-year delay to 3-pillar EU VAT in the Digital Age reforms 15 Nov 2023 update: EU ViDA delay to political agreement until 2024. This week, the EU Parliament’s Committee on Economic and Monetary Affairs (ECON) voted on and approved a report proposing
Parliament’s finance committee questions use of temporary VAT rate cuts as consumer support The European Union Parliament’s Committee on Economic and Monetary Affairs (ECON) has questioned the use of reduced VAT rates in time of crisis to help consumers. This week, it adopted a resolution
ViDA Pillar 1, Digital Reporting & e-invoicing, postponed to 2030 or 2032 Plans to gain political agreement of the 3-pillar VAT in the Digital Age reforms this year set to hit delays. Ongoing efforts to find compromises on pillar 1 Digital Reporting Requirements and e-invoicing,
2021 estimate of lost EU VAT shows €38bn improvement largely due improved measures Most EU Member States made progress in the enforcement of Value-Added Tax (VAT) compliance in 2021, according to the new 2023 VAT Gap report released by the European Commission today. The annual
