- The period in which no late payment penalties are imposed for late payments related to VAT due under the EU VAT e-commerce scheme has been extended until July 29, 2024.
- The one-stop system allows businesses to register in one EU member state and submit VAT declarations for VAT due in other member states under the EU VAT e-commerce scheme.
- The one-stop system was expanded on July 1, 2021, due to changes in rules for distance sales and certain services.
- The planned launch of the Hoofdspoor system for the EU VAT e-commerce scheme on June 1, 2024, was not feasible.
- Late payment penalties may be imposed on businesses that do not comply with the EU VAT e-commerce scheme, but this is not considered desirable by the State Secretary of Finance.
- The approval from the previous decision has been extended until January 1, 2025, to avoid late payment penalties.
- The updated decision will come into effect on July 30, 2024, and will be retroactive to June 1, 2024.
Source: taxlive.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
