- EU announced initiatives in 2022 to modernize VAT system and combat VAT fraud
- VIDA initiatives focus on real-time digital reporting through mandatory e-invoicing
- Other initiatives include single VAT registration for B2C sales and measures for platform sales
- Meeting in May 2024 to push changes forward, with delays in implementation
- UK businesses VAT registered in EU need to stay updated on proposals
- Countries like Poland, Portugal, Romania, Spain, Belgium, France, Croatia, Germany have e-invoicing updates
- Preparation needed for future investment in software and IT capabilities for EU trading with E-invoicing requirements.
Source: mha.co.uk
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.
