EU Finance Ministers debate ViDA at ECOFIN 16 June 2024 The EU’s 3-pillar reforms of the VAT regime, VAT in the Digital Age, is to be reviewed by Finance Minister at the monthly Economic and Financial Affairs Council (ECOFIN) on 16 June 2023. They will
Business using IOSS may incur customs duties debt on import distance sales from March 2028 The EU European Commission unveiled major Customs Union 2028 reforms last month which included the creation of a new ‘Deemed Importer’ model. These are traders importing goods into the EU
EU’s Directorate-General Taxation and Customs (DG TAXUD) has summarised its top reforms and ongoing work around the EU’s VAT regime, customs and related areas in its Management Plan 2023 Key issues DG TAXUD is looking to progress includes: Agreement of the 3-pillars of EU VAT in
ECON committee hears concerns on short timeframe for ViDA; suggests 2-day transaction reporting deadline within the ViDA Digital Reporting Requirements should be extended to 10 day The European Parliament’s Committee on Economic and Monetary Affairs on 25 May listened to concerns on the short implementation
European Commission may delay 2028 existing e-invoicing regimes’ convergence to ViDA Digital Reporting Requirements Several EU member states with existing or planned mandatory domestic e-invoicing regimes look likely to secure a delay on the January 2028 deadline for them to converge with the proposed VAT
EU OSS 2021 for e-commerce and digital services. Extension to own goods 2025 The EU’s e-commerce VAT package has updated the reporting rules for VAT on digital services as well as reform goods reporting via One-Stop Shop (OSS) from July 2021. EU and non-EU providers
March 2028 VAT on all import B2C consignment must be charged at sale in checkout; IOSS €150 limit withdrawn; marketplaces liable for seller VAT and customs; optional Special Arrangements extended As part of yesterday’s EU Customs reforms proposals, the VAT special arrangements threshold of €150
March 2028: EC scraps €150 customs consignment import threshold exploited by fraudsters; ends the VAT €150 special arrangements threshold; also pushing goods Single market safety and sustainability obligations onto platforms In a comprehensive set of EU Customs administration reforms, the European Commission (EC) is proposing
Lawmakers call for Financial Transaction Tax and a Digital Levy to meet shared EU COVID debts The European Parliament has backed a report to implement a host of new taxes to help meet the €800m post-pandemic economic EU recovery and green and digital transformation plans.
