27 October 2023| CATEGORIES: EU VAT Gap, VAT compliance| TAGS: EU, Tax gap, VIDA
The EU Commission has published the annual VAT Gap study, which measures the difference between theoretically expected VAT revenues and the amount actually collected. The report shows that Member States lost around €61 billion in VAT in 2021, compared to €99 billion in 2020. The lost revenue mainly relates to VAT fraud, evasion and avoidance, …
Continue reading “EU VAT Gap reduced by €38 billion in 2021”
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.
23 June 2021| CATEGORIES: e-Commerce, VAT| TAGS: e-commerce, EU, VAT
From July 2021, the VAT rules on EU cross-border business-to-consumer (B2C) e-commerce activities will change. Here you can access the European Commission’s published guidance on the new rules.
3 October 2020| CATEGORIES: e-Commerce, VAT| TAGS: e-commerce, EU, July 2021, VAT
The European Commission has published Explanatory Notes on the new EU VAT rules for e-commerce which come into effect on 1 July 2021. We look at what businesses need to do to prepare for the changes.
