EU Belgian Presidency commits to EU ViDA & customs reforms
Belgium assumes Presidency of Council of EU Jan 2024 committing to progress VAT in the Digital Age, Customs reforms and direct tax work Belgium will take-up the rotating Presidency of the Council of the European Union on 1 January 2024 for six months. Belgium is
EU overhaul of tourism operators VAT delay – TOMS
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
EU VAT Expert Group latest
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
EU Parliament backs 2028 ending €150 IOSS limits
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
EU Parliament votes 1-year delay proposal to ViDA
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
EU Parliament challenges crisis reduced VAT rates
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
EU ViDA Digital Reporting Requirements & e-invoicing delayed 2030+
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,
EU latest VAT Gap 2021 down by €38bn to €61 billion
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
EU Platform Economy 2026? deemed supplier – ViDA
Platforms’ concerns deemed supplier obligations ahead of ViDA proposal adoption means likely delay to 2026 launch Digital marketplaces and intermediaries have been rising concerns over the proposed imposition of deemed supplier status on shared accommodation and rides arranged on their platforms. This would make the