Changing VAT regulations in Europe, the word from the expert

This is it: as of 1 July, the VAT rules in the EU have changed. The launch of the VAT package for ecommerce was one of the priorities of the digital single market strategy, with the promise of simplifying the VAT obligations of businesses carrying out ecommerce transactions across borders.

What it is and what it consists of are things we have already anticipated in this article VAT revolution, not all that glitters is gold, in which we have tried to analyse what simplifications this VAT implementation regulation entails and what the problems may be, for whom and when. In a nutshell, from 1 July the EU VAT regulation for European countries that want to sell online in other EU Member States will have to deal with the MOSS scheme – an acronym for Mini-One-Stop-Shop that will now be extended to B2C sales as well.

With the new scheme in place from 1 July, it is stipulated that the VAT supply (for the seller) remains taxable in the country of origin and no longer in the country of destination, but the new threshold from which this VAT simplification can be applied is €10,000 per year across the EU.

But what does this change in VAT rules and regulations mean from a legal point of view? And who will it affect?

 

Read the complete report where you will find the opinion of Veronica Comito, legal consultant and expert on the subject.

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