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EU VAT Committee: Minutes of the 118th meeting on April 19, 2021

Some interesting updates:

  • 2018 Proposal on VAT rates: the last informal videoconference of the Council Working Party on Tax Questions (Indirect Taxation / VAT) took place on 31 March 2021. The focus is on a revamped Annex III.
  • Evaluation of the special scheme for travel agents: a presentation by the Commission and an exchange of views took place during the informal videoconference of the Council Working Party on Tax Questions (Indirect Taxation / VAT) on 14 April 2021.
  • VAT e-commerce package: the Explanatory Notes published on TAXUD’s website are now available in all official EU languages, as well as in Chinese and Japanese. The Explanatory Notes are complemented by two guides, which were published in March 2021: (1) the Customs Guidance on importation and exportation of low value consignments and (2) the One Stop Shop Guide. A new OSS Portal containing updated information (OSS and IOSS) based on the current MOSS Portal will be designed as well. The communication campaign is ongoing and the new VAT e-commerce website is live.
  • Study on “VAT in the Digital Age”: the Inception Report was submitted by the contractor in December 2020 whereas the Interim Report is to be submitted by 23 April. A Fiscalis virtual event with representatives of Member States (GFV) and members of the VAT Expert Group (VEG) to discuss the issues of the Interim Report is planned for the end of May/ beginning of June 2021. The conclusions of the draft Final Report of the study will be discussed with representatives from the Member States (GFV) and members of the VAT Expert Group (VEG) during another Fiscalis event planned for October 2021.
  • VAT treatment of financial services: work on the Impact assessment has started. A Fiscalis event in Berlin with representatives of Member States (GFV) and business (VEG) to discuss stakeholders’ input for the Impact assessment is planned for October 20211. The public consultation launched at the beginning of 2021 runs until 3 May. The outcome of that consultation and other consultations with stakeholders will feed into the Impact assessment.

Source CircabcWorking Paper 1019 – Minutes meeting

For other newsitems related to the 118th meeting of the EU VAT Committee, click HERE

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