Search Results for: EU VAT
EU expecting COVID-19 dent in 2020 VAT collections
September 30th, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018, down EUR1bn in nominal terms on the year prior. The “VAT gap” measures the ...
EU Member States agree to defer start date of e-commerce VAT rules
July 3rd, 2020
EU Member State representatives on Coreper (the Permanent Representatives Committee) today reached a preliminary agreement to extend by six months the start date of the EU’s new VAT regime applicable to online companies. The rules will become applicable on ...
EU defers e-commerce VAT package in light Of COVID-19
May 19th, 2020
The EU will postpone the entry into force of its VAT e-commerce package and will defer certain filing deadlines under the administrative cooperation directives due to the COVID-19 pandemic. The European Commission has proposed that the VAT e-commerce package ...
VAT exemption thresholds in Europe
April 7th, 2020
Countries around the world have been introducing various fiscal measures to counteract the economic distress caused by COVID-19. One measure—among many others—has been to make changes to Value-Added Taxes (VAT), such as delaying payments, speeding up refunds, or reducing ...
VAT Gap: EU countries lost €137 billion in VAT revenues in 2017
September 12th, 2019
EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the overall difference between the expected VAT revenue and the amount ...
ESAs released a report on innovation facilitators established within the EU
January 8th, 2019
The European Supervisory Authorities (ESAs) published a joint report on innovation facilitators (regulatory sandboxes and innovation hubs). The report sets out a comparative analysis of the innovation facilitators established to date within the EU. The ESAs also set out ...
EU issues Regulations on 2021 VAT rule changes for e-Commerce
December 20th, 2018
The European Commission has published proposed implementing regulations for reforms to VAT rules for e-commerce that will be effective from January 2021. These implementing regulations are intended to ensure the smooth running of the new VAT rules for e-commerce ...
European Commission released VAT Gap Frequently asked questions
September 27th, 2018
The European Commission has published a Fact Sheet with Frequently asked questions about the VAT Gap, that refers to the overall difference between the expected VAT revenue and the amount actually collected. VAT Gap: Frequently asked questions What is VAT? ...
Hard Brexit would bring VAT sign-up headache for EU sellers
August 20th, 2018
European Union-based vendors who use platforms like eBay Inc. and Amazon.com Inc. to sell goods into the U.K. face a compliance headache in the event of a hard Brexit, as they would need to register for value-added tax. A ...
European Commission proposed new rules for more flexibility on VAT rates
January 24th, 2018
The European Commission proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish. Proposals are the final steps of the Commission’s overhaul ...
