- BusinessEurope supports a reform of the EU’s VAT compliance framework
- Progress in this area can eliminate trade barriers within the Single Market
- The Commission aims to reduce reporting requirements in EU legislation by 25%
- Concerns about Member States introducing their own models of digital reporting for domestic transactions
- Businesses may be burdened with adhering to multiple national reporting standards
- Urging Member States to reach agreement on a harmonized digital reporting framework
- Transitional period needed for national systems to converge with the EU framework.
Source: meridianglobalservices.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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