15 November 2024| CATEGORIES: EU VAT, Platform economy, VIDA| TAGS: digital reporting requirements, ECOFIN, EU, platform economy, single VAT registration, VIDA
The EU has reached agreement on the VAT in the Digital Age (ViDA) proposal. The Estonian government had previously opposed the ViDA proposal due to concerns about the new deemed supplier regime. The measures are expected to be adopted in stages over the period 2027 to 2035.
18 October 2024| CATEGORIES: Customs, EU VAT, Excise, General Court, Preliminary rulings| TAGS: CJEU, Customs, EU, General Court, VAT
Responsibility for preliminary rulings in six specific areas, including VAT and customs, has transferred to the General Court of the European Union. A new Chamber has been created to specialise in preliminary rulings on questions referred in the relevant areas.
14 August 2024| CATEGORIES: EU VAT, General Court, VAT case| TAGS: Court of Justice, EU, General Court, VAT cases
From 1 October 2024 responsibility for EU decisions in VAT and customs cases will transfer from the Court of Justice of the European Union to the General Court of the European Union. The aim of the reform is to reduce the workload of the Court of Justice.
3 July 2024| CATEGORIES: Digital Reporting Requirements, e-invoicing, EU VAT, Platform economy, Single VAT registration, VIDA| TAGS: digital reporting requirements, e-invoicing, ECOFIN, EU, platform economy, single VAT registration
Agreement on the revised ViDA proposals was not achieved at the meeting of the EU’s Economic and Financial Affairs Council (ECOFIN) held on 21 June 2024. It had been hoped that full agreement would be reached under the Belgian Presidency which ended on 30 June 2024. Discussions will resume at the next ECOFIN meeting in July under the Hungarian Presidency.
5 June 2024| CATEGORIES: Digital Reporting Requirements, e-invoicing, EU VAT, Intra-EU trade, VIDA| TAGS: digital reporting requirements, e-invoicing, EU, platform economy, single VAT registration, VAT in the Digital Age, VIDA
After more than a year of talks on the EU VAT in the Digital Age (ViDA) package, revised proposals were published on 8 May 2024. This article looks at what has changed.
27 February 2024| CATEGORIES: e-Commerce, EU VAT, HMRC, IOSS| TAGS: e-commerce, HMRC, IOSS, Northern Ireland
From 1 March 2024, businesses in Northern Ireland or Norway, which sell low-value goods imported from outside the EU and Northern Ireland to customers inside those regions can register with HMRC to use the import one stop shop (IOSS) system. Currently, Northern Irish businesses are only able to register for the IOSS in an EU member state.
16 January 2024| CATEGORIES: Digital Reporting Requirements, e-invoicing, EU VAT, VIDA| TAGS: DRR, e-invoicing, EU, platform economy, single VAT registration
A year after the EU VAT in the Digital Age (VIDA) proposals were published it seems increasingly likely that the introduction of the measures will be delayed. The original timetable had intended the measures be approved by the end of 2023, with implementation in stages between 1 January 2025 to 1 January 2028. The EU Parliament has already voted in favour of a one-year postponement of all three ViDA pillars. The DRR and e-invoicing aspects are likely to be delayed until 2030 or later.
12 January 2023| CATEGORIES: EU VAT, VAT in the Digital Age, VIDA| TAGS: digital reporting requirements, e-invoicing, EU, OSS, platform economy, single VAT registration
The European Commission has proposed a series of measures to modernise and make the EU’s Value-Added Tax (VAT) system work better for businesses and more resilient to fraud by embracing and promoting digitalisation. The VAT in the Digital Age (VIDA) package also aims to address challenges raised by the development of the platform economy.
