The EU has now withdrawn its e-commerce distance selling thresholds from 1 July 2021. This is part of its e-commerce VAT package reforms. EU or non-EU sellers will have to charge the VAT rate of their customer when selling them across an EU internal border
European Finance Minister meeting at ECOFIN on 18th June failed to agree on a compromise to enable more reduced rate setting freedoms for member states. Countries such as Germany, France and Sweden were not in agreement around environmental protections rules being proposed by the Portuguese
The European group of finance ministers, Economic and Financial Affairs Council (ECOFIN), reported to the European Council on progress of various EU VAT reforms. This came on 3 June 2021. Follow all the European Union’s completed and planned reforms via VAT Calc’s EU VAT reform
Amazon is notifying its sellers on preparations for the launch of the 1 July 2021 EU VAT ecommerce package. This withdraws distance selling thresholds, the €22 import VAT exemption and makes marketplaces like Amazon liable for their sellers’ transactions in certain cases. From 1 July
Since 1 July 2021 and the introduction of the EU deemed supplier marketplace rules for electronic interfaces, certain records must be maintained by marketplaces. This covers when the marketplace is using the OSS or IOSS Special Schemes. This is part of the wider EU e-commerce
On the 11 March 2021, the ECJ ruled Danske Bank A/S, Danmark, Sverige Filial v. Sweden. The Dansk ECJ ruling confirmed that a Swedish branch of a Danish Bank, Danske, was a separate VAT body. This was because the Danish headquarters had opted to form a
From 1 July 2021, the new 2021 EU VAT e-commerce package will come into effect. This simplifies distance selling VAT compliance, imposes sales VAT on imports not exceeding €150 and imposes VAT collections obligations on marketplaces for some of their sellers’ transactions. E-commerce package obstacles
The annual estimate by the European Commission of the amount of missing VAT – the ‘VAT Gap’ – has remained constant at €140 billion for 2018. However, the EC is now forecasting a rise in this to €164bn, 14% of revenues, for 2020 as a
25 reforms – improve VAT and other taxes’ fairness and simplicity The European Commission (EU) unveiled its Tax Action Plan in July 2020, a range of 25 Value Added Tax and other tax reforms to improve the efficiency and fairness of tax collections across the twenty
e-book VAT rate harmonised with paper equivalents The Council of the European Union has today agreed to permit member states to reduce the Value Added Tax rates on income from e-books and electronic publications. Previously, only printed books and press listed in Annex III of
