VATupdate

Share this post on

ViDA Risks: Key Concerns Highlighted by the European Commission

  • Key Implementation Risks: ViDA faces challenges including IT readiness, member state “gold-plating,” phased timelines, limited business awareness, and VAT-customs coordination gaps, potentially causing compliance delays, higher costs, and reporting inconsistencies.

  • Mitigation Measures: The European Commission sets phased timelines, technical standards, explanatory notes, workshops, and inter-agency coordination to reduce risks, while providing guidance on e-invoicing, cross-border reporting, and phased compliance across member states.

  • Business Actions: Firms should audit readiness, track member state specifications, engage legal, IT, and tax teams early, and monitor Commission guidance to build resilient, flexible systems for smooth ViDA compliance.



Sponsors:

Pincvision
VATIT Compliance

Advertisements:

  • vatcomsult
  • Exchange Summit