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.
- 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.