Highlights
- Digital reporting requirements have been discussed at many occasions. Public consultation is open. It is waiting for the legislative initiative that will come in Q3 2022.
- European Parliament resolution of 16 February 2022: what is the missing part to reduce the EU VAT
- EU Council reached an agreement on VAT Rates: More flexibility for the EU Member States for the application of VAT reduced rates. Many VAT rate changes are expected to combat high energy prices, lower prices for primary goods and services (e.g. food) and to support the sustainability efforts.
- Public consultation on EU rules governing e-commerce transactions from third countries
- European Commission proposes the next generation of EU own resources: Emissions trading, Carbon Border Adjustment, Allocating residual profits
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Agenda
- Agenda European Commission – VAT in the digital age: Revision of the VAT Directive and of the Council Regulation on VAT administrative cooperation
- EU VAT Reforms – An ambitious agenda, between success stories and standstills
COVID-19
Customs
- Customs Risk Management Framework (CRMF) – Risk management system to exchange real-time information
- Launch of the ”Wise Persons Group on Challenges Facing the Customs Union”
- Wise Persons Group on Challenges Facing the Customs Union (WPG)
DAC8
Definive regime
Digital Reporting Requirements
- “VAT in the Digital Age” – latest from the European Commission
- European Commission launched public consultation on ”VAT in the digital age”
- Analysis of different EU intra-Community transaction based reporting scenarios
- EU VAT Digital Reporting Requirements (DRR) invoice reporting reforms 2024
- EU VAT in the Digital Age reforms update – 3 reforms – E-Invoicing/RTR, platforms/e-commerce, single EU VAT registration
- Fiscalis 2021 Workshop “VAT in the Digital Age”
- The future of EU VAT in a digitizing world – have your say (before 17 Feb)!
- Will EU succeed in making VAT compliance easier for businesses?
- French Presidency Looking to Push for Harmonized B2B E-Invoicing Requirements Across the EU
Ecofin
- Ecofin report to the European Council on tax issues
- Ecofin will discuss the VAT rate proposal in its meeting on Dec 7, 2021
E-Commerce
- Public consultation on EU rules governing e-commerce transactions from third countries
- The European Union will propose in 2022 a regulation for the VAT of the new digital economy
European Parliament
Exemption
Financial services
- EU financial and insurance services VAT review: Results of public consultation
- The Future of VAT for financial services and insurance (FSI) – VAT revision is unlikely to arrive before 2023
Group of the Future of VAT
- Group of the Future of VAT – 37th meeting on Feb 9, 2022 – Discussions on IOSS, Platform economy, Real Time Reporting, Blockchain
- Group on the Future of VAT (GFV)- Minutes 36th meeting Dec 6, 2021 – Discussions on ”VAT in the Digital Age”
- The future of EU VAT: analysis of the latest Group of the Future of VAT meeting
Liability of VAT
- Proposal Council Directive to extend Optional Reverse Charge & Quick Reaction mechanism
- European Commission Proposes Extension of VAT Reverse Charge Mechanism to Combat EU Intra-Community Fraud
Other
- Draft Report on the implementation of the 6th VAT Directive 77/388/EEC of 17 May 1977
- European Commission explains EU Tax Observatory’s mandate and work scope
- OECD Pillar 2 & EU Minimum Tax
Own resources
- European Commission proposes the next generation of EU own resources: Emissions trading, Carbon Border Adjustment, Allocating residual profits
- European Commission’s tax package: new own resources (Carbon Tax, EU Emissions Trading Scheme, P1)
VAT Rates
- EU Council reaches agreement on updated rules for VAT rates
- European Commission: agreement was reached to update the current rules governing VAT rates for goods and services
- EU VAT Committee: WP 1017 Spain – Application of a reduced VAT rate to certain supplies of electricity
- European Commission says VAT rates reform negotiations progressing “well”
- VAT Committee – WP 1032 Addendum – Romanian consultation on Reduced rate of VAT for supplies of district heating
- VAT rates – greater flexibility for Member States
Registration
Sustainability
- Commission Implementing Decision – An EU Green VAT to stimulate sustainable and eco-friendly products and services
- EU Two new European Citizens’ Initiatives – The Green VAT – An EU Green VAT to stimulate sustainable and eco-friendly products and services
- EU: Auditors Review Energy Taxation and Carbon Pricing
VAT Committee
- 119th VAT Committee meeting on Nov 22, 2021: Agenda & Documents
- New guidelines of the EU VAT Committee issued
- EU VAT Committee on VAT rules applicable to transactions related to the recharging of electric vehicles
VAT Gap
- European Parliament resolution of 16 February 2022: what is the missing part to reduce the EU VAT
- European Parliament: Study on ways to reduce the VAT Gap
VAT Expert Group
