The VAT Expert Group met on March 18, 2024.
Summary of the meeting
- Approval of Agenda and Meeting Nature: The agenda for the 35th VAT Expert Group (VEG) meeting held on March 18, 2024, was approved. The meeting took place in person in Brussels and was not open to the public.
- Implementation of the New SME Scheme: The Commission services presented updated Explanatory Notes and the first draft of the Guide to the SME scheme, aimed at providing practical guidance for small enterprises. Members were invited to provide comments by April 22, 2024. An SME web portal and a press campaign are planned to support the implementation.
- VAT After ViDA: The group began discussions on potential areas of work post-ViDA adoption, with a report to be produced by the end of 2024. A first draft will be discussed in the next VEG meeting in June 2024.
- ViDA Package and Customs Reform Updates: The Commission provided updates on the state of play of ViDA package negotiations, emphasizing progress and remaining technical issues. The customs reform includes securing IOSS numbers, making IOSS compulsory, and removing the EUR 150 threshold.
- Miscellaneous Updates and AOB: Updates included the adoption of Commission Decision (EU) 2024/775 on VAT exemption for goods aiding Ukraine, harmonization efforts for postal data, and revisions to e-invoicing standards. The next VEG meeting is tentatively scheduled for June 4, 2024, likely to be held online.
Agenda, minutes & working documents:
- Agenda 35th VEG meeting 18-03-2024
- Presentation – VEG reflection on the future of VAT
- VEG 116 – Minutes 35th VEG meeting 18-03-2024
Source Circabc
