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
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
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
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
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
2021 estimate of lost EU VAT shows €38bn improvement largely due improved measures Most EU Member States made progress in the enforcement of Value-Added Tax (VAT) compliance in 2021, according to the new 2023 VAT Gap report released by the European Commission today. The annual
E-commerce package reforms 2022 revenues up 26% on 2021 numbers; 130,000 e-commerce sellers & marketplaces registered The European Commission as published 2022 revenues for the One Stop-Shop return and Import One Stop-Shop returns – €17 billion and €2.5 billion, respectively. It said that almost 130,000
Lower VAT rate for recyclates / recycled products The Czech delegation to the EU has proposed permitting extended use of the reduced VAT rates on recycled products. The Czechs believe that the introduction of a reduced VAT rate for products with recycled content would stimulate
