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EU Parliament ECON hears call for 1-year delay to VAT in the Digital Age

26/05/2023 in

ECON committee hears concerns on short timeframe for ViDA; suggests 2-day transaction reporting deadline within the ViDA Digital Reporting Requirements should be extended to 10 day The European Parliament’s Committee on Economic and Monetary Affairs on 25 May listened to concerns on the short implementation

VAT cuts as Europe food inflation eases to 14.7% April 2023

07/05/2023 in

domestic gas and electricity

April 2023 Eurozone food inflation eases at 14.7% (15.4% March); temporary VAT subsidies for foods and other basics In April 2023, whilst Euro headline inflation increased from 6.9% in March to 7.0%. But food inflation dropped - hitting 14.7%. This has prompted many countries to

EU Payment service providers’ seller 2024 VAT reporting – update

27/03/2023 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

23/03/2023 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 data agency reviews VAT in the Digital Age

17/03/2023 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

European Parliament maps out VAT in the Digital Age schedule

02/03/2023 in

EP’s member services lays out procedures for ViDA progress ahead of 24 Oct 2023 ECOFIN vote The European Parliamentary Research Service has set out some of the issues in the EU VAT in the Digital Age reforms published by the European Commission on 8 December

EU-UK content sharing intermediary platforms liable for VAT

01/03/2023 in

digital platforms

ECJ confirms 2011 implementing regulation of the European Council specifying that the operator of a platform, such as OnlyFans, is presumed to be the supplier of the services provided – £11 million liability The Court of Justice of the European Union (ECJ) has confirmed on

UK Northern Ireland Brexit complexities on EU VAT in the Digital Age

24/01/2023 in

Brexit

HM Treasury – how proposed EU ViDA overlaps and complicates Northern Ireland’s post-Brexit position in EU VAT regime for goods The UK’s HM Treasury has issued a policy paper discussing how elements of the EU’s proposed VAT in the Digital Age (‘ViDA’) reforms may affect goods

EU Platform Economy 2025 deemed supplier – VAT in the Digital Age

11/12/2022 in

DAC 7

€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

Marketplaces deemed supplier for EU sellers’ VAT on goods 2025 – VAT in the Digital Age

11/12/2022 in

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 May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks from March 2028.

Tag: EU