The European Commission has proposed the detailed technical amendments to EU rules on value added tax (VAT) that supplement our recent proposed overhaul of the system to make it more fraud-resilient.
Key messages:
- Simplifying how goods are taxed
- A single online portal (‘One Stop Shop’) for traders
- Less red tape
- Seller is usually responsible for VAT collection
Source: European Commission
Link to proposal: here
Latest Posts in "European Union"
- Briefing document & Podcast: EU VAT Directive 2006/112/EC Explained: ”VAT Rates” (Art. 93-129a)
- Briefing document & Podcast: EU VAT Directive 2006/112/EC Explained: ”Deductions” (Art. 167-192)
- Briefing document & Podcast: EU VAT Directive 2006/112/EC Explained: ”Exemptions” (Art. 131-166)
- Less Known Facts from the EU VAT Gap Report
- Briefing document & Podcast: EU VAT Directive 2006/112/EC Explained: The concept of ”Taxable persons” (Art. 9-13)
