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Commission welcomes agreement on new rules paving the way for better #VAT collection on online sales

Commission welcomes agreement on new rules paving the way for better #VAT collection on online sales

| March 14, 2019

The Commission has welcomed the agreement reached by member states on detailed measures needed to simplify VAT rules for sales of goods online, also ensuring that online marketplaces play their part in the fight against tax fraud. The new rules agreed today will ensure a smooth introduction of the new VAT measures for e-commerce agreed in […]

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#VAT – Council adopts short-term fixes to current EU system

#VAT – Council adopts short-term fixes to current EU system

| December 5, 2018

The Council adopted three short legislative acts aimed at adjusting some of the EU’s VAT rules in order to fix four specific issues pending the introduction of a new VAT system. These relate to: Call-off stock. The text provides for a simplified and uniform treatment for call-off stock arrangements, where a vendor transfers stock to […]

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Green light for #VAT overhaul to simplify system and cut fraud

Green light for #VAT overhaul to simplify system and cut fraud

| October 8, 2018

MEPs last week backed the bulk of the European Commission’s proposed reform of the VAT system, while proposing some adjustments, such as to set a maximum VAT rate. Two pieces of legislation were put to the vote. One aims to facilitate trade, especially for SMEs, within the single market and reduce VAT fraud (adopted by […]

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#VAT – Member states still losing almost €150 billion in revenues according to new figures

#VAT – Member states still losing almost €150 billion in revenues according to new figures

| September 24, 2018

EU countries lost almost €150 billion in Value-Added Tax (VAT) revenues in 2016, according to a new study published by the European Commission. The so-called ‘VAT Gap’ shows the difference between the expected VAT revenue and the amount actually collected. While member states’ have carried out a lot of work to improve VAT collection, today’s […]

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#VAT – European Commission welcomes adoption of new tools to combat fraud in EU

#VAT – European Commission welcomes adoption of new tools to combat fraud in EU

| June 26, 2018

The Commission has welcomed the general approach reached by member states on new tools to close loopholes in the EU’s Value Added Tax (VAT) system. These inconsistencies can lead to large-scale VAT fraud causing losses of €50 billion for national budgets of EU member states each year. Proposed by the Commission in November 2017, the […]

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#VAT: More flexibility on VAT rates, less red tape for small businesses

#VAT: More flexibility on VAT rates, less red tape for small businesses

| January 18, 2018 | 0 Comments

The European Commission has today (18 January) 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. Today’s proposals are the final steps of the Commission’s overhaul of VAT rules, with the creation of a single EU VAT area […]

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#DigitalSingleMarket: Commission’s #eVAT rules are ‘game changer’ for #ecommerce in EU

#DigitalSingleMarket: Commission’s #eVAT rules are ‘game changer’ for #ecommerce in EU

| December 1, 2016 | 0 Comments

The European Commission unveiled a series of measures to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU that could save businesses in the EU as much as € 2.3 billion a year alone on compliance costs. Unlocking the EU’s e-commerce Andrus Ansip, Vice President for the Digital Single Market, said: […]

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