Businesses operating across EU are struggling with administrative requirements and differing VAT compliance obligations in various EU Member States (MSs).
The European Commission (EC) plans ambitious reforms to harmonize the rules of VAT determination and compliance in the EU but will it succeed to achieve consensus and support from MSs for its proposals?
On 20 October, the EC confirmed in its latest 2021 work plan that it would shortly be initiating the next rounds of its ‘VAT in the Digital Age’ reforms.
Source Grant Thornton
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