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EU 2028 scraps €150 import VAT & customs consignment threshold and IOSS limit

18 May 2023 in

Customs

March 2028 VAT on all import B2C consignment must be charged at sale in checkout; IOSS €150 limit withdrawn; marketplaces liable for seller VAT and customs; optional Special Arrangements extended As part of yesterday’s EU Customs reforms proposals, the VAT special arrangements threshold of €150

EU 2028 Custom Reforms; single Customs Authority; scraps €150 customs and VAT import thresholds

17 May 2023 in

Customs

March 2028 EC scraps €150 customs consignment import threshold exploited by fraudsters; ends the VAT €150 special arrangements threshold; also pushing goods Single market safety and sustainability obligations onto platforms In a comprehensive set of EU Customs administration reforms, the European Commission (EC) is proposing

EU Parliament pushes for new taxes

15 May 2023 in

EU VAT

Lawmakers call for Financial Transaction Tax and a Digital Levy to meet shared EU COVID debts The European Parliament has backed a report to implement a host of new taxes to help meet the €800m post-pandemic economic EU recovery and green and digital transformation plans.

EU One-Stop-Shop OSS for B2C services and events

18 April 2023 in

EU VAT

2025 VAT in the Digital Age build on OSS returns for services The EU e-commerce VAT package on 1 July 2021 simplified VAT on distance selling of goods with the new One-Stop-Shop OSS VAT return. The VAT in the Digital Age reform pillar on Single

Peppol CTC e-invoicing

4 April 2023 in

Continuous Transaction Controls

Global standard for CTC electronic invoicing to fight VAT fraud Peppol CTC (Continuous Transaction Controls) is a technical architecture developed in 2021 by PEPPOL (Pan-European Public Procurement Online) that seeks to set a new standard for pre-clearance e-invoicing regimes based on CTC. It aims to improve interoperability

EU quick fixes to e-commerce rules before VAT in the Digital Age

28 March 2023 in

EU VAT e-commerce package

European Commission proposes 2024 (TBC) quick fixes to the existing e-commerce regime prior to ViDA changes to e-commerce VAT rules from 2025 As part of the VAT in the Digital Age ViDA reforms, the European Commission has proposed the extension of the OSS e-commerce single EU

EU Payment service providers’ seller 2024 VAT reporting – update

27 March 2023 in

PSP’s – credit card, bank and online payment providers – to supply e-commerce payment details to shared EU CESOP database Member states have started to adopt the implementing regulation for imposing reporting and bookkeeping requirements on payment services providers (PSP’s) for their sellers’ activities. This clarifies

Non-Fungible Tokens an electronic service for VAT – EU VAT Committee

23 March 2023 in

Review of EU VAT implications for NFT’s – suggests should be characterised as taxable electronic service The European Commission’s VAT Committee has produced a review of the treatment of EU VAT for NFT’s. As a working paper, it aspires to clarify the fast-evolving NFT ecosystem,

EU public call for evidence – eInvoicing Directive

17 March 2023 in

e-invoicing

European Commission calls for feedback on adoption and areas for improvement of standard electronic invoice format as VAT in the Digital Age reforms approach The European Commission is holding a consultation of the eInvoicing Directive 2014/55/EU which provides for a common European standard on eInvoicing

EU data agency reviews VAT in the Digital Age

17 March 2023 in

Digital Reporting Requirements

EDPS backs personal data guards in EU’s ViDA reform proposals The EU’s independent European Data Protection Supervisor (EDPS) has provided an initial positive review of the European Commission’s VAT in the Digital Age reforms. In particular the Digital Reporting Requirements for the delivery of transaction

Category: EU