Following EC’s VAT in the digital age proposal from the end of 2022, at least two additional VAT initiatives should be expected in 2023.
EC is planning a public consultation on extending the Directive on administrative cooperation (DAC) for VAT in the first quarter of 2023. The plan is to enable tax administrations better fight against VAT fraud. A legislative proposal would follow in the fourth quarter of 2023.
EC is also working on a VAT package for travel and tourism. A public consultation is expected imminently, and a legislative proposal for the fourth quarter of 2023.
Source Accountancy Europe
