The Very Recent Updates and Events Ahead Of EU VAT Reforms

The Very Recent Updates and Events Ahead Of EU VAT Reforms

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It’s less than nine months now until the B2C 2015 EU VAT reform kicks in. The wheels are in motion and there has been plenty of movement both behind the scenes and up front with business interests. Here’s a run-down on what’s happened recently and what is coming up on the agenda in relation to the new B2C VAT rules for e-services.

Conferences announced:

The EU revealed on Monday, March 17, that it is to host two conferences to inform businesses about the new 2015 VAT Reform and the MOSS (Mini One Stop Shop). The first event will be hosted by the Luxembourg Chamber of Commerce in cooperation with the European Commission’s Representation in Luxembourg and will take place in Luxembourg on Thursday, May 15.  The second event will be held in London on Monday, June 2, and will be held in co-operation with the European Commission.

More details on the 2015 rules here.

Explanatory note meeting

Taxamo’s Head of Business Development, Greg Birdthistle, attended a crucial EU VAT B2C meeting hosted by the European Commission in Brussels on Monday, February 17. The final draft of the VAT explanatory notes relating to the rule change for BTE (broadcasting, telecommunications and electronic services) place of supply e-sales will be discussed. Taxamo was there on your behalf as the finer details of the new B2C 2015 EU VAT reform were discussed, we now know what you need to know. The changes – as regular readers of our blog will know – are monumental. They change the face of e-commerce in the EU.

The crucial distinction is that from January 1, 2015, companies will have to charge VAT on broadcasting, telecommunications and electronic services (BTE) based on where their end consumer is based. Remember the rule change only affects B2C sales.

Expert working group on taxing the digital economy

This group met for the third time on March 13/14 in Brussels. The group’s previous meetings took place on Thursday, December 12, followed by a two-day gathering on January 14/15, both in Brussels. The agenda and minutes from those meeting are available here. The group’s task is to identify improvements in the current way of taxing the digital economy in the EU, and presenting a range of possible solutions.

In the summary of their December meeting, the group aimed to deal with two questions:

  • How to apply existing tax systems to a new, evolving and increasingly digital economy?
  • How to design a stable and robust tax system in face of the economic transformation associated with the increasing relevance of digital technology?

The group also noted an interest to address practical VAT issues for SMEs – to this end they saw the soon-to-be introduced mini one-stop shop (MOSS) as a possible solution to VAT issues on a global scale.

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