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EU infringement procedures against UK on Northern Ireland Protocol VAT and customs failures

25 May 2022 in

Brexit

EU latest legal action against UK on failure to fully implement Northern Ireland Protocol: Import One-Stop-Shop e-commerce VAT return; customs checks of goods between NI and GB; and excise measures The European Commission has started four infringement procedures against the UK around the operation of

EU’s VAT One Stop-Shop €6.8 billion revenues in 6 months

24 May 2022 in

EU VAT e-commerce package

New distance selling single VAT filing figures highlight initial success The EU Directorate-General for Taxation confirmed new and updated revenues from the EU e-commerce package reforms introduced from 1 July 2021. This included new data on the Import One Stop-Shop regime, plus first numbers from

Single VAT registration in the EU – movement of own stocks – VAT in the Digital Age

19 May 2022 in

Single EU VAT registration

3 options for simplification of treatment of movement of own stocks using the One Stop-Shop single VAT return to reduce multiple VAT registrations The European Commission (EC) is now reviewing three options to reduced the VAT registrations and compliance reporting costs on movements of own

EU e-invoicing questions – VAT in the Digital Age

17 May 2022 in

Digital Reporting Requirements

Outstanding decisions on Partial or Total Harmonisation of Digital Reporting Requirements The EU review of digital reporting requirements (DRR) is now progressing following the completion earlier this month of the public consultation. The DRR review includes options for EU-wide live transaction or e-invoice reporting to

EU import indirect representative not liable for VAT

15 May 2022 in

ECJ rules that Indirect Representative not liable for VAT; only customs duties The Court of Justice of the European Union has ruled the mandatory indirect representatives are not jointly and severally liable for the VAT of their importer clients. Representative agents act on behalf of

EU VAT changes on B2C virtual events January 2025

14 May 2022 in

digital services

Place of supply rules change for income from B2C online live conferences, training, concerts The EU is to update the Value Added Tax rules for determining in which country VAT is due – ‘place of supply’ – on entrance fees for virtual events. Member states

EU platform economy issues on full liability model – VAT in the Digital Age

11 May 2022 in

deemed supplier

Questions around marketplace deemed supplier obligation as part of VAT in the Digital EU review Following the ending of the public consultation of the EU VAT in the Digital reforms, a number of issues remain around the proposed full liability model being considered for the platform

EU Parliament votes VAT reverse charge extension to Dec 2025

6 May 2022 in

EU VAT

Legislator endorses continuation of anti-VAT fraud measure and Quick Reaction Mechanism until 31 December 2025 The European Union Parliament has voted to retain the VAT reverse charge mechanism to help reduce the VAT Gap – amount of uncollected EU VAT. The reverse charge is an

EU reviews VAT on crypto-assets

28 April 2022 in

Bitcoin

EU’s VAT Committee reviews VAT treatment on cryptocurrency payment tokens The European Commission’s VAT Committee is reviewing the Value Added Tax issues arising from cryptocurrencies such as bitcoin, Spice and utility tokens. The discussion covers the VAT position, including whether taxable supply, and then, if a

EU postponed VAT accounting regimes for deferral of import VAT and customs tariffs

28 April 2022 in

Customs

European countries compete to attract import business with reverse charge import VAT with no cash payments Most European Union member states offer cashflow assistance for importers of goods into their country. France’s 2022 import VAT scheme is the latest new addition. This can be VAT

Category: EU