ECOFIN agree on E-Commerce VAT regime reforms for online sellers

On 5 December 2017, the EU’s Economic and Financial Affairs Council (ECOFIN), which is a council consisting of economic and finance ministers from all EU member states that are responsible for setting economic and taxation policies within the EU, reached an agreement on a series of reforms that will simplify the E-Commerce VAT regime within… Read More

ECOFIN fail to reach an agreement on E-Commerce VAT regime reform

The EU’s Economic and Financial Affairs Council (ECOFIN), which is a council consisting of economic and finance ministers from all EU member states that are responsible for setting economic and taxation policies within the EU, have failed to reach an agreement on the proposed 2022 E-Commerce VAT regime reforms. The main proposal was to shift… Read More

Update: UK to tackle e-commerce VAT fraud

The UK government has updated its plans to prevent VAT evasion committed by non-compliant, non-EU businesses that sell goods online in the UK and will now include the “Fulfilment House Due Diligence Scheme” (FHDDS), which will target fulfilment houses in an effort to get them to monitor their customers VAT compliance, in its early-autumn Finance… Read More

UK anti-VAT fraud split payments on e-commerce

The UK government has announced that it will hold a public consultation relating to the introduction of an anti-VAT fraud spilt payment system. This measure will apply to e-commerce sales made by non-established suppliers to consumers in the UK. If brought in, this will mean that the UK consumer purchasing the goods will be required… Read More

EU e-commerce – VAT proposals

On 1 December 2016 the European Commission issued a proposal for a range of measures that it hopes will simplify the EU VAT regime for e-commerce traders of goods and services. Before they are implemented these measures will need to be agreed by all 28 EU member states and once agreed they will be introduced… Read More

UK to tackle e-commerce VAT fraud

The UK government has announced that it will introduce new measures in order to prevent VAT evasion committed by non-compliant, non-EU businesses that sell goods online in the UK. Currently there is a nil VAT registration threshold for these types of traders who should register for VAT from the first sale they make in the… Read More