The EU commission recently consulted on its legislative proposals to implement its VAT in the digital age (ViDA) package. The commission made proposals for a directive, a regulation and an implementing regulation with respect to the introduction of its proposals.
The ViDA package covers:
- VAT reporting obligations and e-invoicing;
- the VAT treatment of the platform economy; and
- the single (place of) EU VAT registration.
Based on feedback from members, ICAEW’s Tax Faculty made comments on all sections of the proposals in ICAEW REP 28/23.
The faculty focused on the timelines proposed for implementation of the proposals and suggested that the lead-time be extended for the introduction of EU-wide obligations.
The faculty also noted a couple of areas of the legislative proposals that needed further clarification, including a request for a definition of ‘platform’ to be included in the legislation.
The EU commission is expected to publish a summary of responses in the coming weeks.
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