VAT news tagged as "European Commission"


EU ponders four VAT quick fixes

July 21st, 2018

The European Union’s Commission has suggested that it may reconsider its planned four quick VAT fixes ahead of the introduction of its proposed Single VAT Area for 2022. The measures have failed to be ratified a number of times by EU finance ministers because of disagreement on the late inclusion of a fifth measure by some member …


Germany confirms marketplace liability for merchants’ unpaid VAT

June 27th, 2018

Germany yesterday published the draft Annual Tax Act 2018, which includes making online marketplaces potentially liable for merchants’ unpaid VAT liabilities. This was agreed by federal finance minister in May. From 1 January 2019, marketplaces will be required to keep a record of German and non-German merchants’ German VAT certificates. Alternatively, they may hold digital confirmation …


EC adopts draft definitive VAT regime Directive

May 25th, 2018

The European Commission today adopted a new draft EU VAT Directive for the operation of the definitive VAT system. This includes changing to a destination-based VAT regime, and withdrawing zero-rating on intra-community supplies. The aim is to help eliminate and estimated €50billion in VAT fraud, particularly carousel fraud. The new draft includes over 200 amendments …


EU consults on VAT fraud

March 24th, 2018

The European Commission has launched a consultation on the free exchange of tax data between member states to help fight VAT fraud in the area of e-commerce. It seeks to understand from the online marketplaces, tax authorities and payment companies how best to detect and prevent undeclared transactions for VAT purposes. 3 potential solutions are …


EU Single VAT Area challenge

March 12th, 2018

The small enterprise association, UEAPME, has challenged the admin burden that the European Commission’s 2022 Single VAT Area proposal may impose. UEAPME, an employers’ association, is concerned that the requirement to track and correctly charge national VAT rates on B2B transactions across 28 states will place a high compliance burden on small companies. It also believes …