EU standards body, CEN, revising EN 16931 e-invoicing for ViDA Following the approval of the VAT in the Digital Age reforms, including 2030 intra-community e-invoicing, the European standards organisation, CEN, has started work to amend the EU standard on e-invoicing, EN 16931. A new version
Chinese and other non-EU seller marketplaces face customs admin charge in response to widespread tax evasion European Commission officials are reported to be considering a new customs administration levy on platforms for non-EU sourced low-value imports. A potential revenue or handling charge framework is likely
ECOFIN summary to European Council on tax developments On 10 December 2024, the six-monthly report on EU tax reform projects was approved at the monthly meeting of finance minister, ECOFIN. This covers the term of the Hungarian presidency of the Council. Major VAT on other
Digital Certificate to replace paper version by 1 July 2032 The EU’s regular meeting of Finance Ministers, ECOFIN, has approved on 10th December 2024 the proposed Electronic VAT Exemption Certificate. This follows a positive 6 November European Commission’s Working Party on Tax Questions progress review
2030 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 July 2030, e-invoices for supplies of goods or services across EU borders (Intra-community Supplies (ICS)) must be issued. The current maximum
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
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,
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
