VAT news tagged as "VIES"

Europe

ECJ VIES not required on nil rating

February 10th, 2017

The European Court of Justice has ruled that a customer is not required to have a VIES registered VAT number as a condition for a seller to zero-rate an intra-community supply. The ruling in Euro Tyre BV (Case C-21/16) concerned a Polish customer which presented a valid Polish VAT number which was not listed on …


Italy

Italy cancels 60,000 VAT numbers

October 16th, 2016

The Italian Revenue Agency will cancel over 60,000 VAT numbers from the European VAT Information Exchange System (VIES). The anti-fraud measure is targeting taxable businesses that had not filed EC listings in Q1 2015.  Any company contacted by the Italian tax authorities with a cancellation notice will have to produce evidence within 60 days of intra-community trades …


Italy

Italian VAT update

December 28th, 2014

The latest Italian VAT Decree contains a range of simplification measures, and was issued at the end of November. The VAT compliance changes include: Italian companies planning intra-community transactions will now be granted a VIES registration automatically, rather than the current 30-day approval period. Following an order from the European Commission, Italy has dropped the …


Belgium

Belgium clarifies documentary proof for intra-community VAT exemption

November 28th, 2013

The Belgian VAT office has been forced to change its guidance on the requirements for the application of the VAT exemption on intra-community supplies. Reverse charge simplifies EU VAT compliance Under the EU VAT Directive, a number of conditions are set out to enable suppliers of goods or services to not charge VAT when they …


Europe

EC to consider overhaul of EU VAT number format system

February 26th, 2013

The European Union’s Commission (EC) is undertaking an extensive review of the European VAT number format and identification regime. The aim is improve EU VAT compliance system and tax collections. The proposed tax identification number system (EU TIN) was identified by the EC as requiring review in last December’s Action Plan against fraud and evasion. …