VATupdate

Share this post on

Major EU reforms for customs and import VAT in the pipeline

  • The European Commission has proposed the EU Customs Reform to respond to the increase in e-commerce trade and compliance checks for EU standards at the border.
  • The reform aims to reduce fraud, simplify customs processes, and introduce tailor-made import processes for e-commerce.
  • The main measures include a single EU interface, customs checks at EU level, and a simplified method for low-value goods.
  • Online platforms will be considered importers and responsible for compliance with customs obligations.
  • Trusted traders will benefit from reduced controls and simplified clearance.
  • Importers/exporters can amend customs data, and filing a declaration is no longer necessary. The reform will be implemented step-by-step starting in 2028.

Source Grant Thornton

Sponsors:

Advertisements:

  • vatcomsult
  • VAT news