VAT fraud - vatcalc.com

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

EU definitive VAT system lives?

21 December 2022 in

Continuous Transaction Controls

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

EU optional reverse charge extended until Dec 2026

21 June 2022 in

reverse charge

As the Definitive VAT System reforms go on hold, the EU has extend the option to use reverse charge to reduce compliance obligations and fight fraud EU Finance Minister agreed this month to extend the optional reverse charge until 31 December 2026. This is partially

EU Parliament votes VAT reverse charge extension to Dec 2025

6 May 2022 in

EU VAT

Legislator endorses continuation of anti-VAT fraud measure and Quick Reaction Mechanism until 31 December 2025 The European Union Parliament has voted to retain the VAT reverse charge mechanism to help reduce the VAT Gap – amount of uncollected EU VAT. The reverse charge is an

European B2B VAT reverse charge tracker

29 March 2022 in

reverse charge

Countries shift VAT reporting from suppliers to customers to reduce VAT fraud – General & Domestic Reverse Charge by country In attempt to reduce the VAT Gap – the shortfall of VAT revenues compared to expected receipts – EU and other states apply the Reverse

Czech VAT EET cash registers cancelled

14 March 2022 in

cash register

E-tržby or EET certified VAT cash registers The Czech Republic (Czechia) Ministry of Finance has cancelled the reintroduction of its EEU online VAT cash registers due to the ongoing COVID-19 emergency. The requirement was suspended two years ago, and was to be reintroduced on 1 January 2023.

EU to extend VAT fraud reverse charge measure

28 February 2022 in

reverse charge

Rollover of reverse charge to fight fraud until December 2025 The European Commission is proposing to allow member states to continue to use optional VAT reverse charge measure to fight fraud. It intends to rollover the existing measures until 31 December 2025. This includes application

EU definitive VAT system lives?

11 January 2022 in

Continuous Transaction Controls

New German government rekindles interest in VAT regime reforms shifting the place of taxation on B2B intra-community supplies of goods to destination-based taxation The new German coalition government has committed to supporting a stranded EU VAT regime reform which would shift the obligation to charge

Czech VAT cash registered suspended till 2023

4 January 2022 in

cash register

E-tržby or EET certified VAT cash registers The Czech Republic (Czechia) has suspend the rollout of its online VAT cash registers until January 2023 due to the ongoing COVID-19 emergency. The implementation of certified registers E-tržby or EET commenced in 2019. It started with hotels

Can blockchain close the VAT Gap? Probably not.

20 December 2021 in

Blockchain

Hype? Or is an immutable distributed ledger technology the solution to missing EU VAT revenues? The VAT gap of €136 billion per annum and costly complexity of the compliance rules begs for a technological leap. Is blockchain, made (in)famous by cryptocurrencies, the answer? The appeal

Tag: VAT fraud

EU Payment service providers’ seller 2024 VAT reporting – update

EU definitive VAT system lives?

EU optional reverse charge extended until Dec 2026

EU Parliament votes VAT reverse charge extension to Dec 2025

European B2B VAT reverse charge tracker

Czech VAT EET cash registers cancelled

EU to extend VAT fraud reverse charge measure

EU definitive VAT system lives?

Czech VAT cash registered suspended till 2023

Can blockchain close the VAT Gap? Probably not.

Products

For customers

Get in touch

Newsletter

Newsletter