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,
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
European Commission seeks to harmonise digital Continuous Transaction Controls ‘CTC’ options for VAT e-invoice and real-time reporting. VAT Directive Amendments by 7 December 2022 Read our ViDA reform predictions for e-invoicing and intra-community near-real time reporting. The European Commission (EC) is undertaking a review to introduce harmonised
3 options for simplification of treatment of movement of own stocks using the One Stop-Shop single VAT return to reduce multiple VAT registrations The European Commission (EC) is now reviewing three options to reduced the VAT registrations and compliance reporting costs on movements of own
European Commission seeks to harmonise digital Continuous Transaction Controls ‘CTC’ options for VAT e-invoice and real-time reporting The European Commission (EC) is undertaking a review to introduce harmonised Digital Reporting Requirements (DRR) (previously known as ‘Transaction Based Reporting’) across the 27 member states. A public consultation
European Commission VAT reforms public consultation extended 20 days The EC has stretched out the public consultation deadline of its VAT in the Digital reforms from 15 April to 5 May 2022. The public call for evidence phased completed on 17 February. The consultation seeks
