ViDA – the most ambitious reforms to the EU VAT regime in decades will be unveiled on 8th December 2022. What should we expect? I’ve dusted off my crystal ball. A treat. And in this blog I get to speculate what big changes to EU
ViDA: Extension of OSS return for cross-border movement of: own goods; B2C e-commerce; and B2B call-off stock. Likely delay to 2026 Harmonisation of B2B reverse charge. But extension of marketplace ‘deemed supplier’ to EU sellers proposal now dropped The proposed 2025 adoption – now likely
ViDA reform conclusions 7 December 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT The European Commission is set to publish its VAT in the Digital Age VAT Directive amendments on 7 December 2022. Read our ViDA reform predictions. The
ViDA reforms extends electronic interfaces’ deemed supplier obligations to included EU sellers’ goods sales. Follows Jul 2021 obligations on non-EU merchants’ sales May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks from March 2028. Marketplaces, or ‘electronic interfaces’ are
Are NFT crypto assets transactions subject to EU digital services VAT rules? Update: the Committee has produced its working paper on EU VAT and NFT’s in March 2023 Non-Fungible Tokens (NFT’s) trading is rising in popularity raising the question is they are liable to
Review of 2020 4 Quick Fixes finds room for practical improvements The European Commission’s VAT Forum has produced a review of the 2020 VAT Quick Fix measures. These were introduced to effect four changes to the rules around B2B intra-community (within EU borders) VAT transactions to
Eurozone energy inflation 38% August 2022 (40% July); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 9.1% in August,
UK informs EU it will continue not to impose checks on goods movements between Great Britain and Northern Ireland following EU legal warning; signs of settlement by April 2023 Following the EU’s launching of a third set of Northern Ireland Protocol infringement proceedings in July,
Eurozone energy inflation 42% July 2022 (39% June); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.9% in July,
