EU | Member States Warned on Quick Fixes for VAT Delay

By |February 14th, 2020|

The European Commission issued letters of formal notice to twelve EU Member States for a delay in implementing the four 'Quick Fixes' for VAT. In effect since the 1 January 2020, however the new rules were not enacted in local legislation by those States before that time. The ‘Quick Fixes’ [...]

EU | Member States combat e-Commence VAT fraud with payment data

By |January 7th, 2020|

Last month the European Commission (EC) issued a statement concerning an agreement by EU Member States to improve the EU VAT system by requiring reporting of data with regard to online purchases. The initial proposals date back to December 2018. The EC tabled two legislative proposals concerning the transmission and [...]

EU | European Commission agrees simplified VAT rules for SMEs from 2025

By |January 6th, 2020|

The European Parliament recently commented on the European Commission's (EC) amended draft of proposals on a simplified VAT regime for SMEs.  The new SME VAT rules, coming into force by the beginning of 2025, are: A VAT Directive amendment to revise the rules on VAT exemption for small enterprises; in [...]

EU | VAT Mini One Stop Shop (MOSS) boosts VAT revenue collection

By |October 8th, 2019|

According to a recent European Commission (EC) publication, statistics show encouraging results with regard to the collection of VAT revenues under the VAT Mini One Stop Shop (MOSS) system. The EC introduced the MOSS system in 2015. First and foremost, it aimed to aid the collection and transmission of VAT [...]

EU | The ‘VAT Gap’ is closing but Member States still losing EUR 137 billion of VAT Revenues

By |September 18th, 2019|

Member States lost EUR 137 billion in VAT revenues in 2017, according to the VAT Gap study by the European Commission (EC) on 5 September 2019. The VAT Gap measures the effectiveness of VAT enforcement and compliance measures in each Member State. Most importantly, it provides an estimate of revenue [...]

EU | Tax Authorities Advised to Increase Auditing of MOSS Traders and Distance Sellers

By |September 12th, 2019|

EU tax authorities could increase auditing of MOSS traders and distance sellers following a reporting from the European Court of Auditors (ECA). On 16 July 2019, the ECA published its report on the vulnerability of E-commerce to evasion of VAT and customs duties. According to the report, many challenges in [...]

EU | European Union I Commission Publishes July Infringements Package

By |August 14th, 2019|

On 25th July 2019, the Commission published its monthly infringements package detailing the legal action it is pursuing against the Member States for breaches of EU law. Relating to VAT, the following infringement proceedings have been taken: Italy: referred to the CJEU for its failure to address an illegal system [...]

European Union / Commission Issues Updated List of VAT Cross-Border Rulings

By |August 6th, 2019|

The European Commission has published an updated list of advance rulings made under the VAT cross-border rulings pilot scheme. This project allows companies planning cross-border transactions, between two or more participating Member States to request a ruling on the VAT treatment for the transactions they envisage. A company generally makes [...]

EU I Intrastat Reform 2020 Delayed to 2022

By |June 21st, 2019|

Intrastat is the system for collecting statistics on the movement of goods between Member States made by VAT-registered businesses. The EU Commission has proposed regulation, called FRIBS (the Framework Regulation Integrating Business Statistics), with an aim to modernise the Intrastat system as part of its more expansive project to harmonise the collection [...]

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