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.
