Place of supply rules change for income from B2C online live conferences, training, concerts The EU has updated from 1 January 2025 the Value Added Tax rules for determining in which country VAT is due – ‘place of supply’ – on entrance fees for virtual
2025 SME Special Scheme introduces pan-EU €100,000 VAT registration threshold to reduce foreign compliance burden for EU businesses From 1 January 2025, there is a new, optional €100,000 EU VAT registration threshold, enabling EU-resident businesses to sell in other EU states, declaring the sales as
ECOFIN ministers adopted reduced VAT rate freedoms into EU law as optional from Mar 2022 and mandatory Jan 2025 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
Annual VAT registration thresholds and Intrastat dispatches & arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Separately, the EU VAT registration threshold equivalence for SME taxpayers resident in other EU states comes
Parliament update on Finance Ministers agreed VAT in the Digital Age text Following the 5 November ViDA political agreement by EU Finance Ministers, the EU Parliaments’ Committee on Economic and Monetary Affairs has provided a draft report. This focuses on changes to the ViDA reforms
2022 latest estimate of lost EU VAT widening by €13bn with mixed results across EU 27 On 18 December 2024, the latest estimate of missing VAT revenues across the EU 27 member states was published by the European Commission. This shows an increase in the
EU VAT Expert Group: broader tax base; single standard rate; limit distortive greening incentives; single VAT authority An informal working group of the EU VAT Expert Group (VEG) has presented on 13th December 2024 initial views of the modernisation of VAT, and reforms to develop
ECOFIN summary to European Council on tax developments On 10 December 2024, the six-monthly report on EU tax reform projects was approved at the monthly meeting of finance minister, ECOFIN. This covers the term of the Hungarian presidency of the Council. Major VAT on other
Request for harmonised framework to determine digital interfaces’ liabilities on non-EU sellers establishment France has called for harmonisation of rules on marketplace VAT obligations where non-EU goods sellers circumvent the Fixed Establishment requirements. It has raised the issue in the VAT Committee, which reviews technical
2030 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 July 2030, e-invoices for supplies of goods or services across EU borders (Intra-community Supplies (ICS)) must be issued. The current maximum
