Parliament update on Finance Ministers agreed VAT in the Digital Age text Following the 5 November ViDA political agreement by EU Finance Ministers, the EU Parliaments’ Committee on Economic and Monetary Affairs has provided a draft report. This focuses on changes to the ViDA reforms
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 16931-1. A new version
EU VAT Expert Group: broader tax base; single standard rate; limit distortive greening incentives; single VAT authority An informal working group of the EU VAT Expert Group (VEG) has presented on 13th December 2024 initial views of the modernisation of VAT, and reforms to develop
ViDA Pilot: Supporting ViDA via 5-corner e-invoicing Peppol Network The Open Peppol network has started in December 2024 its pilot program to demonstrate how Peppol 5-corner model can facilitate compliance with the B2B VAT in the Digital Age‘s first Pillar of reforms, agreed in November
Spain calls for early option to impose mandatory deemed supplier on ride & accommodation platforms On 5th November 2024, EU finance ministers gave political agreement to VAT in the Digital Age reforms. Spain asked to include a statement in the minutes of its desire to
Pillar 2 delay to January 2030 (voluntary Jul 2028) with 10-year opt-out proposal to unlock Estonia’s veto on VAT in the Digital Age. ViDA confirmed on 5th Nov ECOFIN agenda for final agreement A revised VAT in the Digital Age proposal for the outstanding Pillar
EU Working Party on Tax reviews Fiscal representation to encourage adoption of IOSS and close VAT fraud Proposals are being discussed on 6 November 2024 at the EU’s Working Party on Tax Questions to reform the Import One-Stop Shop reporting to shut down VAT fraud
Federal Government: Jan 2025 obligations may be covered by dedicated e-mail box for suppliers’ structured electronic invoices The first phase of German e-invoicing mandate starts on 1 January 2025. All German resident taxpayers must be able to receive structured, or machine readable, electronic invoices. Following
Proposals as part of VAT in the Digital Age ViDA reforms to reduce fraud As part of the EU VAT in the Digital Age ViDA reforms, it has been proposed that there will be more transaction data exchanges to help reduce problems on Import One-Stop
Which EU states have applied and obtained an e-invoicing derogation Under current European Union VAT Directive rules, member states may not mandate the use of electronic invoices in place of paper invoices. However, they may apply to the European Commission for a temporary derogation from
