- The European Commission has released the first detailed technical rules for the Transfer of Own Goods (TOOG) scheme under the VAT in the Digital Age (ViDA) Single VAT Registration reforms.
- These changes begin on 1 July 2028, with earlier initial SVR reforms scheduled for 1 January 2027.
- From 1 July 2028, many businesses moving inventory between EU Member States may no longer need multiple VAT registrations for cross-border stock storage or repositioning.
- Eligible transfers will instead be reported through a single EU VAT registration.
Source: vatcalc.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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