A uniform application of VAT rules across the EU and a VAT system that ensures efficiency and support for a stronger and more competitive economy should be the main objectives of the VAT in the Digital Age (VIDA) legislative proposal. This was the key message of the VAT Policy Working Group when it welcomed Patrice Pillet, Head of Unit on VAT and Agnes Fekete, Team Leader in the European Commission Directorate-General for Taxation and Customs Union (DG TAXUD) to its meeting on 1 February. Pillet provided an overview of the proposed legislative package that is aimed at modernising the VAT rules and fighting VAT fraud. The group expressed its support towards the Commission’s efforts to update the existing VAT rules in order to adapt them to the developments of the digital economy. However, it noted that any proposal in this field should be supported by an impact assessment focusing on the effectiveness of the rules and contain realistic time frames for implementation in order to reduce administrative burdens and compliance costs for businesses.
Source Business Europe
