Webamount of VAT lost across the EU-27 (“VAT GAP”) in 2015 at EUR 151.5 billion based on the VAT collection figures available at the time. • The European Commission then proposed 20 measures to tackle the VAT GAP and among those, the key measure was: “Investigate the possibility of extending the use of automated access to data. WebMay 21, 2024 · The key changes can be summarized as follows: The existing thresholds for distance sales of goods within the EU will be replaced by a new EU threshold of EUR …

VAT in the digital age - Publications Office of the EU

Webamend the VAT directive and Implementing Regulation with respect to the VAT in the Digital Age (ViDA) initiative. According to the EC, the 30 year -old VAT rules for cross -border trade are not fully adapted to deal with the digital age and need to be amended using technology to reduce administrative burdens and related costs for business WebDec 1, 2024 · The European Commission (EC) will shortly be initiating the next rounds of its ‘VAT in the Digital Age’ reforms. Draft reforms to OSS and IOSS will be published in … smart cess

EU VAT in the digital age package: ICAEW responds ICAEW

WebApr 5, 2024 · Period: 5 Apr 2024: Event title: Btw-jamsessie 5 april 2024: Event type: Conference: Location: Amsterdam, Netherlands Show on map: Degree of Recognition: … WebThis part of the Study covers ‘Digital Reporting Requirements’, that is any obligation for VAT taxable persons to periodically or continuously submit data in a digital way on all … WebJan 10, 2024 · 10 January 2024. On 8 December 2024, the European Commission adopted and published its “ VAT in the digital age ” proposal, defining the core areas where European VAT will be modernised in the coming years. Alongside the changes made to the platform economy, e-commerce, and the single VAT registration in the EU, the proposal … hillary\\u0027s running mate