VAT in the Digital Age agreed at ECOFIN 5th November; compromise changes returned to EU Parliament before final acceptance by Counsel EU Finance Ministers gave political agreement to ViDA on 5th November 2024, with a revised implementation timetable: July 2028 Single VAT Registration Jan 2030
No compromise on Energy Taxation Directive before year end The Hungarian presidency of the Council of the EU believes it will no longer be able to find significant compromises this year on for the reforms of the Energy Taxation Directive (ETD). EU Finance Ministers are
Extension of Single VAT Registration OSS enables withdrawal from July 2028 of special VAT scheme for stocks held in other EU member state with customers The VAT in the Digital Age (approved 5th Dec 2024) reforms package’s Single VAT Registration pillar includes extending the use
Early 2025 member states freed to mandate e-invoicing without Commission approval; obligation for customer to agree to e-invoicing upon ViDA approval In order to facilitate the rapid adoption of e-invoicing, the European Commission has proposed to reform the legal hurdles (Articles 218 and 232, EU
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT package and the new VAT in the Digital Age
July 2030: ViDA Pillar 1, Intra-community EU Digital Reporting Requirement & e-invoicing Work progresses for July 2030 launch; existing real-time reporting regime harmonisation to EU standards by Jan 2035 As part of the EU ViDA reforms, EU Finance Ministers gave political agreement to Pillar 1,
Preparations begin for July 2028 Extension of OSS return for cross-border movement of own goods: B2C e-commerce; and B2B call-off stock Harmonisation of B2B reverse charge. But extension of marketplace ‘deemed supplier’ to EU sellers proposal now dropped The full EU VAT in the Digital
2025 SME Special Scheme introduces pan-EU €100,000 registration threshold to reduce foreign VAT compliance burden From 1 January 2025, there will an optional €100,000 EU VAT registration threshold, enabling resident businesses to sale in other EU states via their domestic VAT return. The European Commission
Is €50 billion fraud in the EU VAT Gap an overestimate The European Commission’s annual VAT Gap estimate is due within the next few days. But is the calculation of missing VAT overestimating the amount of VAT fraud? Last year’s estimate, covering 2021, but the
ViDA 2030 near-live reporting of EU Intra-community supplies replaces EC Sales List The new Digital Reporting Requirements (DRR) , now agreed as part of the EU VAT in the Digital Age package, will retire the EC Sales List (ESL) requirement from 1 July 2030. Instead
