(Part 14) Get ready for Dec 7, 2022: Single EU VAT registration & IOSS – 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 ”Single VAT Registration and Import One Stop Shop (IOSS)”.

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Several policy options were identified that could address the problems, and in particular reduce the scope of situations causing the need for multiple VAT registrations.

For more info see Link– Page 28-30

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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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