On 8 December 2022, the European Commission launched its long-awaited proposals to modernise the VAT rules within the EU collectively known as the ‘VAT in the Digital Age package’ (ViDA). These could have a significant impact on UK businesses trading across the EU from 2025 onwards.
The ViDA proposals consist of three key parts, commonly referred to as:
- The Platform economy
- The Single VAT registration
- Digital reporting and E-invoicing.
In the meantime. If you have any queries on cross-broader VAT issues, please contact Lorraine Nelson.
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