(Part 11) Get ready for Dec 7, 2022: Platform Economy – Comparison of Policy Options

On December 7, 2022, it is expected that the EU Commission will publish its proposals on ”VAT in the Digital Age”. This will include proposals on

• Digital Reporting Requirements (DRRs);
• The VAT Treatment of the Platform Economy; and
• The Single VAT Registration and Import One Stop Shop (IOSS).

In a countdown towards November 16, we will publish a number of interesting facts around ”VAT in the Digital Age”. This one is on the ”Platform Economy”

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For more info see Link– Page 23 – 26

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See also in this serie

Digital Reporting Requirements 

• Part 1: 13 Member States require all B2G invoices to be issued and transmitted as structured e-invoices over a specific platform
• Part 2: Implementation of DRR lead to net annual benefits of about EUR 8 billion
• Part 3: Digital Reporting Requirements – What is the problem?
• Part 4: DRR Policy options – Will it be Option 4a? Partial harmonisation. An EU DRR is introduced for intra-EU transactions
• Part 5: Types and features of the EU Digital Reporting Requirement

Platform Economy

• Part 6: Platform Economy – Types of Platforms
• Part 7: Platform Economy – Scale of the platform economy – Estimated VAT revenue from digital platforms is EUR 26 billion
• Part 8: Platform Economy – Legal issues
• Part 9: Platform Economy – What is the problem?
• Part 10: Platform Economy – Policy Options
• Part 11: Platform Economy – Comparison of Policy Options

Single VAT Registration and Import One Stop Shop (IOSS)

• Part 12: Single EU VAT registration & IOSS – Current situation
• Part 13: Single EU VAT registration & IOSS – Problem definition
• Part 14: Single EU VAT registration & IOSS – Policy options

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