EU outlines key VAT reform priorities

2 November 2016

Following on from the European Commission’s 2016 VAT Action Plan announcement in April 2016, the new presidency of the European Council has outlined some of its key EU VAT reform priorities.

These include:

  • Extending the single EU VAT registration portal used for E-services (Mini One Stop Shop) to e-commerce goods.
  • EU wide removal of the low-value consignment VAT import relief
  • The ability to undertake single cross border VAT audits
  • Implementation of the reduced VAT rate for e-books


Temporary use of the domestic reverse charge on supplies made above a certain threshold in some trade sectors where fraud is rife.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UK cuts hospitality and tourism VAT to 5% until...

From 15 July 2020 to 12 January 2021, the UK will cut the VAT rate applicable on hospitality services from the standard rate of 20% to the reduced rate of...

SEE MORE
LATEST NEWS

Portugal extends VAT return deadlines

The May and June monthly VAT returns due on 12 July and 12 August respectively are now due on 17 July and the 17 August. The deadline for the March to June...

SEE MORE

Gated Content

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