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 [...]

EU | Proposal to Zero-Rate Supplies for EU Armed Forces Common Defence Efforts

By |May 9th, 2019|

The EC published a proposal to zero-rate supplies of goods and services provided to armed forces deployed outside their Member State as part of an EU activity. The European Commission has recently published a proposal to zero-rate supplies of goods and services provided to armed forces deployed outside their Member [...]

EU | CJEU Rules that VAT Recovery Only Possible if it Has Been Correctly Charged

By |May 3rd, 2019|

The Court of Justice of the European Union (CJEU) has held in the case of PORR Építési Kft. (Case C-691/17) that no right to deduct input VAT exists when the VAT has been incorrectly charged by the supplier. Background The company, PORR Építési Kft., built a motorway in Hungary and [...]

European Union | From Beverage Cans to Jellyfish – A Look at Commodity Code Changes for 2019

By |February 18th, 2019|

The start of 2019 sees few amendments being made to the world-wide Harmonised System (HS), the internationally accepted commodity code list which is used for the classification of traded products. This year, there are only a few changes to the HS in the form of the reorganisation of several existing [...]

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