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
Belgium assumes Presidency of Council of EU Jan 2024 committing to progress VAT in the Digital Age, Customs reforms and direct tax work Belgium will take-up the rotating Presidency of the Council of the European Union on 1 January 2024 for six months. Belgium is
40 years’ old travel and tourism VAT scheme needs reform to reflect market developments – slips into 2024 for proposals The 2023 review of the tourism VAT regime has been put on hold. The review was looking to revamp the scheme to reflect modern online
2-year delay to ViDA Digital Reporting; TOMS on hold; 2021 e-commerce figures The EU’s VAT Expert Group (VEG) met at the end of October to review a range of EU VAT reforms and provide feedback for the European Commission. VEG assists and advises the European
ECON votes for Directive changes as part of wider March 2028 Customs & VAT reforms On 24th October 2023, the EU Parliament’s Committee on Economic and Monetary Affairs committee (ECON) voted in favour of two amendments to the VAT Directive 2006/112/EC. These two reforms are
ECON votes for 1-year delay to 3-pillar EU VAT in the Digital Age reforms 15 Nov 2023 update: EU ViDA delay to political agreement until 2024. This week, the EU Parliament’s Committee on Economic and Monetary Affairs (ECON) voted on and approved a report proposing
Parliament’s finance committee questions use of temporary VAT rate cuts as consumer support The European Union Parliament’s Committee on Economic and Monetary Affairs (ECON) has questioned the use of reduced VAT rates in time of crisis to help consumers. This week, it adopted a resolution
