Behavioural taxes may be too successful to generate EU own resources Constantly looking for ways to generate EU-level ‘own resources’, the European Commission is increasingly exploring behavioural taxes to diversify and grow its budget revenues. Behavioural taxes are levies designed to influence individuals’ and businesses’
New Council of EU president plays down expectations on quick agreement on ViDA reforms; deep political issue add to likely delays The incoming rotating president of the Council of the EU, Hungary, is set to make little progress in resolving last disagreements on the EU
Overview of the EU-backed standard for structure electronic invoices Standard EN6931 was adopted by CEN (European Committee for Standardisation) on April 17, 2017. It is already adopted for B2G e-invoicing in the EU, and is the basis for the July 2030 Digital Reporting pillar of
EU VAT Expert Group revisits Import One Stop-Shop reforms The European Commission’s VAT Expert Group (VEG) has been reviewing improvements to the July 2021-introduced Import One Stop-Shop (IOSS) regime. This was part of the e-commerce VAT package reforms. IOSS enables the pan-EU reporting of VAT
EU member states’ control of input VAT deductibility means the full single EU VAT return evades us With the impending further extension of the One-Stop Shop VAT return in July 2027 via VAT in the Digital Age, why not tackle the final barrier to the
Simplified Triangulation – What if middleman / intermediary party has VAT number in other states? Who is responsible for transport? Triangulation still permitted? For businesses with complex cross-border chain supplies and ‘middleman’ or intermediary parties, Triangulation is a useful simplification to reduce the numbers of
EU VAT in the Digital Age drops proposal to extend VAT deemed supplier obligations on facilitating marketplaces Marketplaces, or ‘electronic interfaces’ have been let off the hook for taking responsibility for their EU-resident sellers’ B2C goods transactions as part of the EU VAT in the
2025: Small company VAT thresholds; online events VAT rules; and VAT rate freedoms The 27 member states of the European Union are expected to implement three major changes to their VAT rules by 1 January 2025. These exclude the proposed EU VAT in the Digital
First phase of EC estimate of losses due to missing trader intracommunity report The European Commission has published the first phase report on its attempt to quantify the value of missing trader intra-community VAT fraud. This involves criminals initiating declaring zero-rating on sales of goods
EU Commission evaluates impact of mandatory e-invoicing in public procurement The EU mandated the use of e-invoicing in 2019 via Directive 2014/55/EU. The European Commission has issued the results of an evaluation of this policy. Key conclusions included: The Directive secured many efficiencies for government
