New digital reporting obligations lay foundations for major shift in tax collections between member states? The recently announced EU VAT in the Digital Age ViDA reforms could help build the detailed transaction reporting that addresses objections to the long delayed Definitive VAT System. This reform
Member states freed to mandate e-invoicing without Commission approval; obligation for customer to agree to e-invoicing scraped January 2024 In order to facilitate the rapid adoption of e-invoicing, the European Commission has proposed to reform the legal hurdles (Articles 218 and 232, EU VAT Directive)
Option for non-residents to use B2B reverse charge on goods instead of current member states controlling the option to permit it The European Commission is to push for harmonisation of the rules for the simplification that allows non-resident traders selling in an EU state to
2028 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 January 2028, e-invoices for supplies of goods or services across EU borders (Intra-community Supplies (ICS)) must be issued. The current maximum
2028 Near-real time digital reporting of intra-community supplies and acquisitions to Central VIES database and replaces EC Sales List; mandatory structured e-invoicing for EU intra-community; 2014 member states free to decide on local reporting The European Commissions proposed Digital Reporting Requirements (DRR) includes two paths
VAT in the Digital Age (ViDA) package tackles abuse of Import One Stop-Shop numbers and import VAT evasion Included within the EU VAT in the Digital Age reforms package announced on 8 December 2022, is a measure to help prevent abuse of Import One Stop-Shop IOSS
2028 near-live reporting of EU Intra-community supplies replaces monthly EC Sales List The new Digital Reporting Requirements (DRR) , proposed as part of the EU VAT in the Digital Age package, will retires the EC Sales List (ESL) requirement from 1 January 2028. Instead of ECL’s,
2025 ‘Facilitating marketplaces’ must take on EU import VAT reporting IOSS obligations as part of VAT in the Digital Age reforms The VAT in the Digital Age (ViDA) package of reforms includes an obligation from 1 January 2025 for facilitating marketplaces to take on their
€6bn extra taxes – Travel & accommodation platforms to be made deemed supplier for their users VAT One of the three pillars of the EU VAT in the Digital Age package, new Platform Economy VAT collections role for the dominating travel and accommodation platforms will be
2025 VAT in the Digital Age reforms extends electronic interfaces’ deemed supplier obligations to included EU sellers’ goods sales. Follows Jul 2021 obligations on non-EU merchants’ sales Marketplaces, or ‘electronic interfaces’ are set to become responsible for their EU-resident sellers’ B2C goods transactions from 1
