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Single VAT registration in the EU – extending OSS to all cross-border B2C and certain B2B transactions

15 April 2022 in

Extension of OSS return – Single VAT registration in the EU – for cross-border B2C and B2B transactions as part of VAT in the Digital Age reforms The European Commission (EC) is set to publish draft VAT Directive amendments this autumn for the extension of

EC warns Austria, Malta and France to refine VAT audits

10 April 2022 in

EU VAT

EC finds most countries fail to implement all best practices; Finland and Sweden top of the class The European Commission has reviewed the Value Added Tax registration, collection and auditing processes and standards of member states and the UK, and find most tax authorities’ below

EU reduced VAT rate freedoms adopted – 6 April 2022 in force

5 April 2022 in

EU VAT

ECOFIN ministers adopt reduced VAT rate freedoms into EU law – member states may now implement On 5 April 2022, EU Finance Ministers (ECOFIN) formally adopt changes to the EU VAT Directive to give member states wider rights to use reduced VAT rates, including an

2022 EU VAT registration and Intrastat thresholds

3 April 2022 in

VAT registration thresholds and Intrastat dispatches and arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Note, the EU e-commerce distance selling thresholds were withdrawn on 1 July 2021. There were a number

VAT in the Digital Age reforms public consultation launched

21 March 2022 in

European Commission call for evidence and public consultation on 3 reforms to EU VAT The European Commission is inviting feedback on three proposed reforms to improve the efficiency, fairness and tax collections of the 27-member state VAT regime : Separate reforms to OSS and IOSS were

EU Group on the Future of VAT backs IOSS double taxation fix

17 March 2022 in

EU VAT e-commerce package

Overcharged import VAT recovery via IOSS return gets backing Group on the Future of VAT May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks from March 2028. The European Commission’s Group on the Future of VAT has backed double

EU e-commerce package IOSS raises €2bn in first 6 months

15 March 2022 in

E-commerce package

Withdrawal of €22 low value consignment exemption and new IOSS return success; 8,000+ IOSS registrations; Council backs VAT in the Digital Age further reforms The European Commission has confirmed that EU member states have collected €1.9 billion between July and December 2021, the first six

EU VAT Gap Initiative 2022

12 March 2022 in

Sharing best practices on tax administration and collections to reduce missing VAT The European Commission is developing its VAT Gap Initiative in the third quarter of 2022 to help exchange ideas between EU member states’ tax administrations to help close the EU VAT Gap. This

VAT in the Digital Age consultation deadline extended to 5 May 2022

11 March 2022 in

European Commission VAT reforms public consultation extended 20 days The EC has stretched out the public consultation deadline of its VAT in the Digital reforms from 15 April to 5 May 2022. The public call for evidence phased completed on 17 February. The consultation seeks

EU reduced VAT rate freedoms 2025 agreed by EU Parliament

10 March 2022 in

EU VAT

EU Parliament backs member states’ reduced VAT rate freedoms – can now enter EU law The European Union Parliament has backed this month Finance Ministers’ agreement on extended reduced VAT rate setting powers. Member states may now commence incorporating into EU law once gazetted. The

Category: EU