- The European Commission’s work to control VAT in Europe receives a lot of attention, and NSG&B is happy that the Nordic countries can pilot an effective reporting method based on invoices.
- The ViDA-pilot aims to use existing VAT information in a standard invoice sent through Peppol Network for reporting and quality control, with the goal of increasing the quality of both VAT codes and rates cross border and domestic.
- The pilot aims to prove The Once Only Principle from the commission and contribute to increased efficiency for SMEs by replacing a manual reporting process with a digital process.
- The work is attracting a lot of interest, and NSG&B has been asked to assist pilots in other European countries.
Source Nordic Smart Government
Latest Posts in "Denmark"
- Danish Court Rules Tattoo Studios Not Eligible for VAT Exemption on Artistic Activity
- Denmark Clarifies VAT Treatment for LLC-to-Partnership Restructuring and Bonus Payments
- Court upholds tax authority’s VAT assessment for tattoo business lacking proper documentation
- Partnership and owners not considered one taxable person for VAT purposes
- Updated DAC7 and DAC8 Reporting Rules for Digital Platforms and Crypto-Asset Service Providers
