VATupdate

VATupdate Newsletter Week 19 2022

Sometimes, I’m feeling old. Not just when I played tennis for an hour, or when I get up in the morning an try to get my socks on. I mean, I normally feel young, and even though I’m nearly 50 years old, I can more or less do anything a younger person also can. And sometimes even better.

But I just found out that MTV exists for more than 40 years. The first broadcast was on 1 August 1981. And believe it or not: MTV used to actually play music videos.

Check out the first two hours of MTV HERE

Actually, MTV’s first broadcast in the USA was in 1981. In Europe, MTV started 6 years later, in 1987. And it was a big thing at the time. It changed the way that whole generation enjoyed music, from listening to the songs to watching the videoclips.

In a way, that’s also what’s happening with VAT. The VAT rules exists for ages, but meanwhile, the world goes round and round. With new technological developments and business opportunities every day. We may have said so before, but the old VAT rules don’t always match the current trends and developments anymore.

And a whole new generation of VAT people grew up, without even knowing that there were no intra-Community supplies before 1993. A lot has changed in the past years. It was not that long ago that we didn’t have electronically supplied services. Or a Tax Control Framework. Or tax engines. VAT people just had to invent and do everything by themselves, in those old days.

In a way, all of us are still doing the same every day. Every situation is new and different. We can use the interpretations of others, such as the ECJ, and we can discuss with peers. But silently, we all like it that VAT grows along with all the latest trends in the world. Perhaps that’s what is keeping me young!

If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.


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