ViDA doesn’t achieve political agreement in 2023 The EU’s VAT in the Digital Age 3-pillars of reforms will not achieve final agreement by EU Finance Ministers this year as planned. This means it passes from the current Spanish to the Belgian presidency of the EU
2-year delay to ViDA Digital Reporting; TOMS on hold; 2021 e-commerce figures The EU’s VAT Expert Group (VEG) met at the end of October to review a range of EU VAT reforms and provide feedback for the European Commission. VEG assists and advises the European
Legislation approved for Jan 2024 near real-time reporting of B2B invoices; full B2B pre-clearance e-invoicing July 2024 The legislation to launch of B2B electronic invoicing for resident and non-resident businesses has now been approved by the Parliament and the President. There is a two-stage launch:
ECON votes for 1-year delay to 3-pillar EU VAT in the Digital Age reforms 15 Nov 2023 update: EU ViDA delay to political agreement until 2024. This week, the EU Parliament’s Committee on Economic and Monetary Affairs (ECON) voted on and approved a report proposing
ViDA Pillar 1, Digital Reporting & e-invoicing, postponed to 2030 or 2032 Plans to gain political agreement of the 3-pillar VAT in the Digital Age reforms this year set to hit delays. Ongoing efforts to find compromises on pillar 1 Digital Reporting Requirements and e-invoicing,
Platforms’ concerns deemed supplier obligations ahead of ViDA proposal adoption means likely delay to 2026 launch Digital marketplaces and intermediaries have been rising concerns over the proposed imposition of deemed supplier status on shared accommodation and rides arranged on their platforms. This would make the
E-commerce package reforms 2022 revenues up 26% on 2021 numbers; 130,000 e-commerce sellers & marketplaces registered The European Commission as published 2022 revenues for the One Stop-Shop return and Import One Stop-Shop returns – €17 billion and €2.5 billion, respectively. It said that almost 130,000
Finland to evaluate mandatory real-time e-invoicing Finland is set to review mandating B2B e-invoicing / digital reporting for its taxpayers. This comes as the EU VAT in the Digital Age plans progress towards implementing structured e-invoicing for intra-community supplies from 2028. The news was included
Travel operator, passenger transport and accommodation platform associations question need for full VAT deemed supplier obligations Several travel and related platform trade associations have raised doubts about proposed deemed supplier obligations in the Platform Economy pillar of the VAT in the Digital Age reforms. The
EU’s Directorate-General Taxation and Customs (DG TAXUD) has summarised its top reforms and ongoing work around the EU’s VAT regime, customs and related areas in its Management Plan 2023 Key issues DG TAXUD is looking to progress includes: Agreement of the 3-pillars of EU VAT in
