EU - vatcalc.com

EU Payment service providers’ seller 2024 VAT reporting – update

27 March 2023 in

PSP’s – credit card, bank and online payment providers – to supply e-commerce payment details to shared EU CESOP database Member states have started to adopt the implementing regulation for imposing reporting and bookkeeping requirements on payment services providers (PSP’s) for their sellers’ activities. This clarifies

Non-Fungible Tokens an electronic service for VAT – EU VAT Committee

23 March 2023 in

Review of EU VAT implications for NFT’s – suggests should be characterised as taxable electronic service The European Commission’s VAT Committee has produced a review of the treatment of EU VAT for NFT’s. As a working paper, it aspires to clarify the fast-evolving NFT ecosystem,

EU data agency reviews VAT in the Digital Age

17 March 2023 in

Digital Reporting Requirements

EDPS backs personal data guards in EU’s ViDA reform proposals The EU’s independent European Data Protection Supervisor (EDPS) has provided an initial positive review of the European Commission’s VAT in the Digital Age reforms. In particular the Digital Reporting Requirements for the delivery of transaction

European Parliament maps out VAT in the Digital Age schedule

2 March 2023 in

EP’s member services lays out procedures for ViDA progress ahead of 17 Oct 2023 ECOFIN vote The European Parliamentary Research Service has set out some of the issues in the EU VAT in the Digital Age reforms published by the European Commission on 8 December

EU-UK content sharing intermediary platforms liable for VAT

1 March 2023 in

digital platforms

ECJ confirms 2011 implementing regulation of the European Council specifying that the operator of a platform, such as OnlyFans, is presumed to be the supplier of the services provided – £11 million liability The Court of Justice of the European Union (ECJ) has confirmed on

UK Northern Ireland Brexit complexities on EU VAT in the Digital Age

24 January 2023 in

Brexit

HM Treasury – how proposed EU ViDA overlaps and complicates Northern Ireland’s post-Brexit position in EU VAT regime for goods The UK’s HM Treasury has issued a policy paper discussing how elements of the EU’s proposed VAT in the Digital Age (‘ViDA’) reforms may affect goods

VAT cuts as Europe inflation eases to 10% November 2022

1 December 2022 in

domestic gas and electricity

Eurozone energy inflation 35% (42% October); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation dropped back to 10.0% in November

EU VAT in the Digital Age reforms ViDA

16 October 2022 in

ViDA reform conclusions 7 December 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT The European Commission is set to publish its VAT in the Digital Age VAT Directive amendments on 7 December 2022. Read our ViDA reform predictions. The

VAT cuts as Europe inflation hits 10% September 2022

12 October 2022 in

domestic gas and electricity

Eurozone energy inflation 41% (38% August); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 10% in September (9.1% in

VAT cuts on energy & food as inflation hits record 9.1% August 2022

28 September 2022 in

domestic gas and electricity

Eurozone energy inflation 38% August 2022 (40% July); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 9.1% in August,

Tag: EU