European Commission may delay 2028 existing e-invoicing regimes’ convergence to ViDA Digital Reporting Requirements Several EU member states with existing or planned mandatory domestic e-invoicing regimes look likely to secure a delay on the January 2028 deadline for them to converge with the proposed VAT
Backing for EU’s VAT in the Digital Age reforms; sceptical on need for mandatory domestic e-invoicing regime The Dutch Secretary of Finance has confirmed conditional support of the EU’s VAT in the Digital Age – reforms designed to reduce the need for foreign VAT registrations
2028 ‘Facilitating marketplaces’ take on EU import VAT reporting IOSS obligations as part of Customs reforms Plans to require marketplaces to become the deemed supplier and use the VAT Import One-Stop Ship (IOSS) return for their sellers EU imported B2C sales have been moved back
Global standard for CTC electronic invoicing to fight VAT fraud Peppol CTC (Continuous Transaction Controls) is a technical architecture developed in 2021 by PEPPOL (Pan-European Public Procurement Online) that seeks to set a new standard for pre-clearance e-invoicing regimes based on CTC. It aims to improve interoperability
European Commission proposes 2024 (TBC) quick fixes to the existing e-commerce regime prior to ViDA changes to e-commerce VAT rules from 2025 As part of the VAT in the Digital Age ViDA reforms, the European Commission has proposed the extension of the OSS e-commerce single EU
European Commission calls for feedback on adoption and areas for improvement of standard electronic invoice format as VAT in the Digital Age reforms approach The European Commission is holding a consultation of the eInvoicing Directive 2014/55/EU which provides for a common European standard on eInvoicing
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
E-invoicing and live digital reporting mandates mean VAT and GST must be calculated accurately in real-time to avoid blocked invoices, audits and potential losses. How to rise to the challenge The ‘luxury’ of a few weeks to retro-calculate transactional VAT or GST is coming to
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
