At this very moment the European Commission is preparing a legislative proposal to modernise the VAT reporting obligations in the EU. An independently written report will assist the European Commission to get to this proposal. The article from Summitto analyses some of the preliminary advice that was mentioned during a Group of the Future of VAT meeting earlier this year regarding real-time reporting (or transactions based reporting) for intra-Community transactions.
- Alternative 1: limited change to the current VAT reporting system
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Alternative 3: reporting transactional data directly to the EU
Source Summitto
See also
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