EU VAT in the Digital Age: reforms update

September 23, 20220

Type: Draft Legislation

Reform conclusions are expected on 16 November 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT. 

The European Commission is expected to reach a decision soon on options for three strands of reforms to the EU VAT regime, with public consultations completed and the VAT Expert Group review moving forward. This summer, a final review paper will be created, and on November 16, 2022, directive amendments will take effect. The changes focus on streamlining live transaction reporting and e-invoicing, streamlining VAT registrations for international B2C and B2B transactions, and further integrating digital marketplaces into the VAT collection process. It expands on the EU VAT e-commerce package’s accomplishments beginning on July 1, 2021. Any implementation will probably happen in late 2024 or 2025. 

Effective date: 16 November 2022



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