European Commission issued final report VAT in the Digital Age: Executive Summary

This Report was prepared within the framework of the study on VAT in the Digital Age for the European Commission, Directorate General for Taxation and Customs Union. The Report covers three distinct but interrelated areas of VAT policy:

1) Digital Reporting Requirements (DRRs);
2) The VAT Treatment of the Platform Economy; and
3) The Single VAT Registration and Import One Stop Shop (IOSS).

The purpose of the Report is two-fold:

(i) to assess the current situation with regard to the three domains listed above; and
(ii) to assess the impacts of a number of possible policy initiatives in these areas. The Report is intended to feed into the preparation of an Impact Assessment by the European Commission, to accompany possible legislative or non-legislative initiatives.

Source op.europa.eu

Link to the report