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Category: EU

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

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

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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

EU publishes details of DAC7 2023 digital platform reporting obligations

EU publishes details of DAC7 2023 digital platform reporting obligations

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Technical framework for exchange of marketplace transaction data exchanges to help tax authorities detect VAT fraud The European Commission has issued consultation details of technical data requirements for the Directive on Administration Cooperation DAC 7  which comes into force in January 2023. This seeks to

European energy, petrol, diesel & food VAT rate cuts on inflation crisis

European energy, petrol, diesel & food VAT rate cuts on inflation crisis

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Eurozone energy inflation 38% April 2022; 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 7.5% in April 2022, up

EU infringement procedures against UK on Northern Ireland Protocol VAT and customs failures

EU infringement procedures against UK on Northern Ireland Protocol VAT and customs failures

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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 infringement procedures against the UK around the operation of

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