On December 7, 2022, it is expected that the EU Commission will publish its proposals on ”VAT in the Digital Age”. This will include proposals on
- Digital Reporting Requirements (DRRs);
- The VAT Treatment of the Platform Economy; and
- The Single VAT Registration and Import One Stop Shop (IOSS).
In a countdown towards November 16, we will publish a number of interesting facts around ”VAT in the Digital Age”. This one is on the ”Platform Economy”
Group #1. Current treatment and narrow interventions categories
- (A) Dynamic baseline scenario (status quo).
- (B) Clarification of VAT rules for the platform economy, and namely:
- (B1) Clarification of the nature of the services provided by platforms
- (B2) Introduction of a rebuttable presumption on the status of platform providers.
- (B3) Streamlining of recordkeeping obligations.
Group #2. Deemed supplier role for digital platforms
- (C) Narrow deemed supplier for the supply of certain accommodation and transport services.
- (D)Sectoral deemed supplier for the supply of all accommodation and transport services.
- (E) All services deemed supplier for supplies of services for monetary consideration.
For more info see Link– Page 22 & 23
See also in this serie
Digital Reporting Requirements
- Part 1: 13 Member States require all B2G invoices to be issued and transmitted as structured e-invoices over a specific platform
- Part 2: Implementation of DRR lead to net annual benefits of about EUR 8 billion
- Part 3: Digital Reporting Requirements – What is the problem?
- Part 4: DRR Policy options – Will it be Option 4a? Partial harmonisation. An EU DRR is introduced for intra-EU transactions
- Part 5: Types and features of the EU Digital Reporting Requirement
Platform Economy
- Part 6: Platform Economy – Types of Platforms
- Part 7: Platform Economy – Scale of the platform economy – Estimated VAT revenue from digital platforms is EUR 26 billion
- Part 8: Platform Economy – Legal issues
- Part 9: Platform Economy – What is the problem?
- Part 10: Platform Economy – Policy Options
- Part 11: Platform Economy – Comparison of Policy Options
Single VAT Registration and Import One Stop Shop (IOSS)
