Member of the European Parliament Olivier Chastel (Renew Europe, Belgium) recently published its draft report for the ECON committee on the VAT in the digital age package. In his draft report, he says he wants to achieve more balance between the objectives of combating fraud and the difficulties for businesses which might arise in applying the newly proposed rules. In particular, he believes that a ten working day deadline for issuing and declaring invoices would be more realistic for businesses, especially SMEs, than the two-day deadline proposed by the Commission.
Source: etaf.tax
