- EU Council reached agreement on “VAT in the Digital Age” legislative package
- Package consists of five articles with significant impact
- Member States can introduce mandatory e-invoicing
- Supply chain fiction extended to B2B transactions and short-term accommodation/passenger transportation services
- Platforms now obliged to collect VAT directly from customers
- One Stop Shop scheme extended to reduce need for multiple VAT registrations
- Objective of single VAT registration in the Union served by provisions for reverse charge mechanism
Source: fgs.de
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.
