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The Future of VAT. An Analysis of the European Commission’s Fiscalis Working Group meeting

Real-time reporting, Continuous Transaction Controls (CTC), Transaction based reporting (TBR). Whatever you want to call it, it’s a hot topic! We recently saw many countries implementing such systems, with France being the latest European Union (EU) Member State to decide so. Furthermore, real-time reporting is also high on the agenda of the European Commission (EC) as one could have read in July’s Tax Package. The publication of the results of the latest Fiscalis workshop makes this even more clear. In this publication the EC shares the outcome of the discussion regarding real-time reporting (called TBR in the document). In the following we will guide you through the most important details of the published document and show you how summitto can help to tackle the problems that were signaled during the Fiscalis Workshop.

Source: summitto.com

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