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
Belgium approves draft law for near-real-time...
July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...
SEE MORE
LATEST NEWS
Luxembourg proposes the introduction of electronic...
This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...
SEE MORE
LATEST NEWS
Germany's action plan signals move toward...
Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...
SEE MORE