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Category
Financial Planning and ManagementGlobal Rank
78258Estimate Value
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Category
Programming and Developer SoftwareGlobal Rank
277548Estimate Value
7,836$excel templates, spreadsheets, calendars and calculators
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Major EU developments in e-invoicing and digital VAT reporting
05 Apr 2023 6 min read. This article focusses on the latest developments in e-invoicing and the European Commission’s “VAT in the Digital Age” proposal (ViDA). More specifically, it looks at responses and assessments of the ViDA from the EU institutions and from the EU Member States (MSs). In addition, the article gives an overview of the
Grantthornton.nlViDA: digital reporting based on e-invoicing | Grant Thornton
27 Jan 2023 8 min read. On 8 December 2022, the European Commission made public its “VAT in the Digital Age” (ViDA) proposal. It contains ambitious VAT reforms, including an EU real-time digital reporting requirements (DRR) based on e-invoicing. Please find a general overview of all proposed changes in our recent article “The European
Grantthornton.nlThe European Commission proposes ambitious VAT reforms
26 Jan 2023 10 min read. On 8 December 2022, the European Commission made public its “VAT in the Digital Age” (ViDA) proposal. It contains ambitious VAT reforms, including EU real time digital reporting requirements based on e-invoicing; new VAT rules for platform economy and e-commerce, and an extension of the VAT One-Stop Shop (OSS
Grantthornton.nlCJEU: VAT is refundable if an invoice is issued late
Nov 22, 2021 · Answers of the CJEU. 1. EU law precludes national regulations which link the refund period solely to the time when the VAT becomes chargeable in. It is also necessary to hold an invoice showing the amount charged in VAT, even if the invoice does not fulfil all the formalities specified in Article 226 of the EU VAT Directive (VD).
Grantthornton.nlViDA – new VAT rules for platform economy and e-commerce
Jan 30, 2023 · On 8 December 2022, the European Commission made public its “VAT in the Digital Age” (ViDA) proposal. It contains ambitious VAT reforms, including new VAT rules for platform economy and e-commerce. Please find a general overview of all proposed changes in our recent article “The European Commission proposes ambitious VAT reforms”.
Grantthornton.nlThe EU reaches a consensus on two pillars of the ViDA, but not …
Jul 10, 2024 · DRR based on e-invoicing – delayed to 1 July 2030; Extension of the OSS – delayed to 1 July 2027 (to 2026 for electricity, gas, and heat) Extended VAT obligations for platforms – delayed to 1 July 2027; The most important proposed changes are summarized below. A consensus among MSs on first two pillars (i.e., 1. DRR based on e-invoicing
Grantthornton.nlInvoice Requirements for Simplified ABC transactions
Nov 20, 2023 · The Court of Justice is presented with the question of whether, in the case of a simplified ABC transaction, indicating a VAT-exempt intra-community supply on the invoice is sufficient to designate the recipient of the service as the entity responsible for paying the VAT. Additionally, it is asked whether: whether the effect of the change
Grantthornton.nlUpdate on the EU’s VAT proposal for Digital Age (ViDA)
Nov 4, 2024 · From 1 July 2030 common DRR/e-invoicing for intra-EU transactions. Effective from 1 July 2030, there will be an obligation to: issue structured e-invoices including all required data in standard format within 10 days from a chargeable event; and; transmit data from these invoices to the relevant national VAT authority’s electronic portal in
Grantthornton.nlHow to receive a refund of VAT wrongly charged? - Grant Thornton
Oct 23, 2023 · The Court of Justice of the European Union (ECJ) recently decided on the issue of VAT refunds. The ECJ explained under which conditions the buyers of the goods or services can claim undue VAT back directly from the tax authorities. The direct claim may be possible if a seller refuses to correct invoices and pay back VAT charged too much relying
Grantthornton.nlImportant EU VAT reforms gain support by the member states as …
Mar 10, 2022 · The term Digital Reporting Requirements (DDRs) has been introduced by the EC and includes various types of transactional reporting requirements such as SAF-T (Standard Audit File for Tax) and real-time reporting (i.e. submitting invoice level detail to the tax authority either on the same day or within a few days) and mandatory e-invoicing requirements.
Grantthornton.nl