7 January 2019
During December 2018, the European Commission proposed new rules which could make online marketplaces responsible for the reporting and payment of VAT on certain Business to Consumer cross-border sales made by sellers on their websites.
If accepted, from January 2021 online marketplaces will be considered as the supplier of the goods for VAT purposes. This is applicable where goods are imported by a merchant into one EU country and then moved to another EU country via the online marketplace for an onward sale at a value of less than €150 to a consumer.
It is hoped that this will help to prevent VAT fraud which is rife in this area and if accepted could simplify the VAT compliance requirements for small e-commerce merchants.
LATEST NEWS
Danish decision on OSS compliance reinforces the...
A recent Danish Tax Appeals Tribunal decision has reinforced the importance of meeting VAT reporting obligations under the EU's One Stop Shop (OSS) regime. In...
SEE MORE
LATEST NEWS
Italy extends deadline for recovering Input VAT
Under a new legislative decree issued in August, Italy introduced a positive law for businesses registered for VAT in the country. From 1 January 2027...
SEE MORE
LATEST NEWS
Portugal clarifies VAT correction procedures and...
Portugal's Tax Authority has issued new guidance on VAT invoice corrections and introduced updates to the periodic VAT return, reflecting the country's...
SEE MORE