ViDA – major progress needed on Single VAT Registration and Platform Economy reforms in 2023 for 2025 launch. Significant consensus on more complex Digital Reporting Requirements also required for 2028 implementation On 8th December 2022, the European Commission (EC) published its proposed VAT in the
ViDA – the most ambitious reforms to the EU VAT regime in decades to raise billions in taxes, plus offer businesses and e-commerce sellers major savings The European Commission (‘EC’)‘colleague commissioners on 8 December 2022 adopted the proposed Council Directive amending VAT Directive 2006/112/EC in relation
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
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT package and the new VAT in the Digital Age
SVR – Extension of OSS return for cross-border movement of own goods; B2C e-commerce; and B2B call-off stock. Extension of marketplace ‘deemed supplier’ to EU sellers. Harmonisation of B2B reverse charge The proposed 2025 adaption of the existing One-Stop-Shop OSS VAT return to further B2C
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
Extension of OSS return for cross-border B2C and B2B goods and services transactions as part of VAT in the Digital Age reforms. 3 options for transfers of own goods challenge The European Commission (EC) is set to publish draft VAT Directive amendments by 7 December
As the six-month French Presidency of the Council of the EU ends, it reviews progress to date on a range of VAT measures France took up the rotating Presidency role on 1 January 2022, and has provided an update on various EU VAT reforms. The
Legislative proposal 2023 on ending VAT-free banking and insurance may be in jeopardy with cost-of-living crisis The European Commission has completed a public consultation on potentially withdrawing the VAT exemption on financial services – banking, insurance and similar. It published the submissions in August 2021.
Extension of OSS return – Single VAT registration in the EU – for cross-border B2C and B2B transactions as part of VAT in the Digital Age reforms The European Commission (EC) is set to publish draft VAT Directive amendments this autumn for the extension of
