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UK continues Northern Ireland border check freeze despite EU infringement proceedings

19 September 2022 in

Brexit

UK informs EU it will continue not to impose checks on goods movements between Great Britain and Northern Ireland following EU legal warning; signs of settlement by April 2023 Following the EU’s launching of a third set of Northern Ireland Protocol infringement proceedings in July,

VAT cuts on energy & food as inflation hits record 8.9% in July 2022

27 August 2022 in

domestic gas and electricity

Eurozone energy inflation 42% July 2022 (39% June); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.9% in July,

EU-UK Brexit infringement procedures 1-month extension

9 August 2022 in

Brexit

EU extends Brexit infringement deadline to 15 September. EU latest legal action against UK on failure to fully implement Northern Ireland Protocol: Import One-Stop Shop e-commerce VAT return; customs checks of goods between NI and GB; and excise measures The European Commission has started four

EU DAC 7 marketplaces’ seller transaction reporting Jan 2023 update

4 August 2022 in

DAC 7

EU member states adopting harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities – first reports due 2024 for transactions in 2023 Adoption of Directive on Administration Cooperation (DAC 7) is underway across the EU states. The following countries have already

EU VAT in the Digital Age options – consultant’s report

28 July 2022 in

digital platforms

European Commission publishes consultants’ report on impact of options for: Single VAT Registration; Digital Reporting Requirements; and VAT Treatment of Platform Economy As part of the completion of the EU VAT in the Digital Age reforms programme, the European Commission has published reports prepared by

VAT cuts on energy & food as inflation hits record 8.6% in June 2022

20 July 2022 in

domestic gas and electricity

Eurozone energy inflation 42% June 2022 (39% May); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.6% in June,

EU VAT in the Digital Age proposals 16 November 2022

14 July 2022 in

digital platforms

EU VAT Directive amendments for Single VAT registration, digital reporting requirements (e-invoicing) and digital platforms VAT role due November The European Commission has confirmed that details of major reforms to the VAT regime will be published on 16 November 2022. These reforms, known collectively as

EU VAT Expert Group reviews VAT in the Digital Age reforms

29 June 2022 in

Continuous Transaction Controls

European Commission group debates question on: Single VAT registration in EU; Digital Reporting Requirements and e-invoices; and Platform Economy and VAT The European Commission’s VAT Expert Group (‘VEG’) reviewed this month a range of questions arising from the proposed VAT in the Digital Age reforms.

EU published VAT in the Digital public consultation results

29 June 2022 in

Single VAT Registration in the EU

Spring public consultation backs EU VAT reforms and harmonisations with limits The EU published submissions and summaries of its Spring 2022 public consultation on EU VAT in the Digital Age reforms. The European Commission is expected to conclude on reforms under the three reform strands

EU VAT Digital Reporting Requirements (DRR) e-invoice harmonisation update

27 June 2022 in

Continuous Transaction Controls

European Commission seeks to harmonise digital Continuous Transaction Controls ‘CTC’ options for VAT e-invoice and real-time reporting. VAT Directive Amendments by 7 December 2022 Read our ViDA reform predictions for e-invoicing and intra-community near-real time reporting. The European Commission (EC) is undertaking a review to introduce harmonised

Category: EU