Action Plan on VAT adopted by European Commission

29 April 2016

During April 2016 the European Commission approved an action plan which sets out actions to tackle VAT fraud, adapt the EU VAT system to the digital economy and to further consider the VAT obligations on small and medium enterprises.

It is hoped that this will help to steer the EU towards a robust single European VAT area in relation to cross-border supplies and also proposes options for a new policy on EU rules governing VAT rates.

If implemented this could mean the abolishment of zero-rating on intra-community supplies of goods between businesses and these types of transactions will instead be subject to VAT in the country of sale.

LATEST NEWS

Separate EORI number for Northern Ireland required

HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...

SEE MORE
LATEST NEWS

Ireland to introduce postponed accounting for import...

The Irish government have confirmed that a postponed accounting facility will be implemented for import VAT post-Brexit.  This new mechanism will allow all...

SEE MORE
LATEST NEWS

Belgium force UK companies to engage a fiscal...

The Belgium tax authorities are contacting UK traders who hold a Belgium VAT account to inform them that they have a requirement to appoint a fiscal...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.