- ECOFIN failed to reach agreement on EU Commission’s proposed changes to VAT rules under ViDA initiative
- ViDA aims to modernize, simplify, and make EU VAT system more resilient to fraud
- Proposed measures include Digital Reporting Requirements, Updated VAT rules for passenger transport and short-term accommodation platforms, and extension of One Stop Shop return
- DDR to be implemented by July 2030
- Platform economy operators to collect and remit VAT in passenger transport and short-term accommodation sectors
- Harmonization of domestic reverse charge rules to make it easier for non-established suppliers to understand their obligations in the EU
Source: fiscalsolutions.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.
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