29 May 2020
Due to the Coronavirus crisis, the European Commission proposes to delay the introduction of the EU VAT e-commerce package from 1 January 2021 to 1 July 2021.
It is hoped that the introduction of this package will reduce the amount of VAT fraud, which is prevalent in this sector and currently stands at approx. €5billion per year.
Please click here for further information on these reforms.
LATEST NEWS
E-invoicing hub
Navigating complexity and preparing for the digitalisation of VAT and the future of tax Following compromises and modifications to the original proposal, the...
SEE MORE
LATEST NEWS
EU finance ministers agree to introduce new customs...
In November, the Economic and Financial Affairs Council (ECOFIN) agreed to introduce a customs charge on low-value parcels valued below €150. The charge...
SEE MORE
LATEST NEWS
UPDATE: Swiss government confirms likely delay for the...
The Swiss tax authorities have confirmed that the increase in the standard VAT rate from 8.1% to 8.8% will now be postponed until 2028. This VAT rate increase...
SEE MORE