Pillar 2 of ViDA, ride & accommodation platforms becoming deemed supplier Voluntary from 1 July 2028; mandatory 1 January 2030 As part of the EU VAT in the Digital Age reforms, ride and accommodation marketplaces / digital platforms will take on the deemed supplier for
EU banking & insurance VAT exemption overhaul rolled into wider financial services tax review The EU’s long term aim to withdraw the outdated VAT exemption on financial services has now been rolled into a wider examination of the taxation of the sector. Concerns around the
Pillar 2 delay to January 2030 (voluntary Jul 2028) with 10-year opt-out proposal to unlock Estonia’s veto on VAT in the Digital Age. ViDA confirmed on 5th Nov ECOFIN agenda for final agreement A revised VAT in the Digital Age proposal for the outstanding Pillar
EU Working Party on Tax reviews Fiscal representation to encourage adoption of IOSS and close VAT fraud Proposals are being discussed on 6 November 2024 at the EU’s Working Party on Tax Questions to reform the Import One-Stop Shop reporting to shut down VAT fraud
Parliament reviews behavioural taxes under EU control: VAT; alcohol; tobacco; and energy products The EU Parliament has published a briefing on behavioural taxation, which can be used to influence consumer behaviour, as well as to collect revenue. The EU has set ambitious environmental and health
2023 data reveals €26 billion raised from OSS & IOSS 150,000 businesses The 2023 evaluation (published 14 October 2024) of the VAT e-commerce package, particularly focusing on the One-Stop Shop (OSS) and Import One-Stop Shop (IOSS) schemes, reflects the substantial progress made in streamlining VAT
EU use of VAT to promote green policy Objectives and sustainability New energies are being devoted to the use of VAT as a tool to promote environmental sustainability and support its ambitious green policy agenda. The European Commission’s VAT Expert Group (VEG) is expected to
‘Shall Allow’ option for non-residents to use B2B reverse charge; currently member states control the option to implement as ‘may’ provision under Article 194 The now agreed VAT in the Digital Age reforms (ViDA) in pillar 3, EU Single VAT Registration, is the harmonisation of
Advocate General says Belgian joint and several liability oversteps EU VAT Directive On the 5th September, the EU Advocate General (AG) opinion on a Belgian VAT fraud case where a seller provides inadequate purchaser details on a VAT invoice to facilitate tax fraud. AG’s act
Stubborn government deficits pushing increases and consolidation in reduced rates A string of EU member countries are turning to reduced VAT rate rises to help plug spending gaps. Slow growth in economies adds to Euro-currency rule requirements of limiting deficits. A number of EU states
