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.
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 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”
