The Commission has proposed a series of measures to modernise and make the EU’s VAT system work better for businesses and more resilient to fraud by embracing and promoting digitalisation. There are three elements to the proposals
- A move to real-time digital reporting based on e-invoicing for businesses that operate cross-border in the EU
- Updated VAT rules for passenger transport and short-term accommodation platforms
- The introduction of a single VAT registration across the EU
Source KPMG
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