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EU postponed VAT accounting regimes for deferral of import VAT and customs tariffs

28 April 2022 in

Customs

European countries compete to attract import business with reverse charge import VAT with no cash payments Most European Union member states offer cashflow assistance for importers of goods into their country. France’s 2022 import VAT scheme is the latest new addition. This can be VAT

EU VAT Digital Reporting Requirements (DRR) e-invoice harmonisation 2024

20 April 2022 in

Continuous Transaction Controls

European Commission seeks to harmonise digital Continuous Transaction Controls ‘CTC’ options for VAT e-invoice and real-time reporting The European Commission (EC) is undertaking a review to introduce harmonised Digital Reporting Requirements (DRR) (previously known as ‘Transaction Based Reporting’) across the 27 member states. A public consultation

EU VAT Treatment of Platform Economy update – VAT in the Digital Age

18 April 2022 in

DAC 7

VAT reforms – platforms; gig and sharing economies; full deemed supplier liablity? As part of the VAT in the Digital Age review of the impact and best policies for indirect tax reforms, the European Commission is reviewing ‘VAT Treatment of the Platform Economy’. This includes

Single VAT registration in the EU – extending OSS to all cross-border B2C and certain B2B transactions

15 April 2022 in

Extension of OSS return – Single VAT registration in the EU – for cross-border B2C and B2B transactions as part of VAT in the Digital Age reforms The European Commission (EC) is set to publish draft VAT Directive amendments this autumn for the extension of

EC warns Austria, Malta and France to refine VAT audits

10 April 2022 in

EU VAT

EC finds most countries fail to implement all best practices; Finland and Sweden top of the class The European Commission has reviewed the Value Added Tax registration, collection and auditing processes and standards of member states and the UK, and find most tax authorities’ below

2022 EU VAT registration and Intrastat thresholds

3 April 2022 in

VAT registration thresholds and Intrastat dispatches and arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Note, the EU e-commerce distance selling thresholds were withdrawn on 1 July 2021. There were a number

VAT in the Digital Age reforms public consultation launched

21 March 2022 in

European Commission call for evidence and public consultation on 3 reforms to EU VAT The European Commission is inviting feedback on three proposed reforms to improve the efficiency, fairness and tax collections of the 27-member state VAT regime : Separate reforms to OSS and IOSS were

EU Group on the Future of VAT backs IOSS double taxation fix

17 March 2022 in

EU VAT e-commerce package

Overcharged import VAT recovery via IOSS return gets backing Group on the Future of VAT May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks from March 2028. The European Commission’s Group on the Future of VAT has backed double

EU e-commerce package IOSS raises €2bn in first 6 months

15 March 2022 in

E-commerce package

Withdrawal of €22 low value consignment exemption and new IOSS return success; 8,000+ IOSS registrations; Council backs VAT in the Digital Age further reforms The European Commission has confirmed that EU member states have collected €1.9 billion between July and December 2021, the first six

Category: EU

EU postponed VAT accounting regimes for deferral of import VAT and customs tariffs

EU VAT Digital Reporting Requirements (DRR) e-invoice harmonisation 2024

Single VAT registration in the EU – extending OSS to all cross-border B2C and certain B2B transactions

EC warns Austria, Malta and France to refine VAT audits

2022 EU VAT registration and Intrastat thresholds

VAT in the Digital Age reforms public consultation launched

EU Group on the Future of VAT backs IOSS double taxation fix

EU e-commerce package IOSS raises €2bn in first 6 months

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