EU VAT - vatcalc.com

Intro to revamped VAT Advisor: transaction calculation, invoicing & returns reporting

1 September 2024 in

Chain supplies

Watch our updated VAT Advisor deliver instant obligations for any complex cross-border transaction Set-up your FREE trial VAT Advisor account For any cross-border transaction there are many complex VAT or GST questions: Who holds the tax liabilities? How much VAT is due and where? Should

EU IOSS data exchange 2025

28 August 2024 in

EU VAT

Proposals as part of VAT in the Digital Age ViDA reforms to reduce fraud As part of the EU VAT in the Digital Age ViDA reforms, it has been proposed that there will be more transaction data exchanges to help reduce problems on Import One-Stop

EU states e-invoicing derogation

27 August 2024 in

e-invoicing

Which EU states have applied and obtained an e-invoicing derogation Under current European Union VAT Directive rules, member states may not mandate the use of electronic invoices in place of paper invoices. However, they may apply to the European Commission for a temporary derogation from

ECJ VAT hearings transferred to General Court

19 August 2024 in

EU VAT

1st October 2024: Preliminary hearings of certain VAT, excise and customs cases redirected to General Court The EU Parliament and Council of the EU have agreed to that VAT cases may initially be heard at the European General Court to free-up time for the Court

EU VAT Deductibility – complexities & risks

13 August 2024 in

EU VAT

Deducting VAT in EU VAT returns: complexity of rules; varying application by member states; partial deductibility; timings of deductions; and administrative obligations In a crowded field of complexity, VAT deductibility is most challenging area of EU (and global!) compliance. The premise of VAT neutrality, businesses

EU VAT on charitable donated goods reforms

10 August 2024 in

EU VAT

The €71 billion issue: EC progressing talks to reform VAT relief on donations of goods The European Environmental Bureau estimated €71 billion of unsold electronics and clothing are destroyed each year in the EU. This is unsold goods dumped into landfill because this is cheaper

Platform VAT deemed supplier policy peaked?

6 August 2024 in

deemed supplier

Operational challenges & market risks mean we may see retreat from full liability, deemed supplier VAT obligations for marketplaces The introduction of deemed supplier VAT obligations for online marketplaces has created a range of challenges for both the platforms themselves and the wider ecosystem of

EU ViDA countries needing e-invoicing pre-clearance modifications

30 July 2024 in

e-invoicing

2035 VAT in the Digital Age requires states with existing domestic e-invoicing to harmonise The latest draft of EU VAT in the Digital Age required member states with existing domestic B2B and B2C e-invoicing and digital reporting requirements to adapt their regimes by January 2035

EU Parliament e-commerce import VAT proposals briefing

26 July 2024 in

E-commerce package

Parliament comments on EC IOSS threshold removal proposal The European Parliament has produced a briefing on the European Commissions proposals for e-commerce import VAT reforms. This includes: Removal of IOSS €150 threshold reporting limit Extend deemed supplier obligations for marketplaces facilitating consignments exceeding €150 Removal

EU review of VAT on Vouchers

24 July 2024 in

EU VAT

European Commission issues evaluation of voucher VAT rules The European Commission (EC) has issued its review of the application of VAT rules on the use of vouchers across the 27 member states. This follows the introduction of harmonisation VAT voucher rules in January 2019. The

Tag: EU VAT