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European Commission adopts Action Plan on VAT

Apr, 07, 2023 Hi-network.com
The European Commission has adopted the Action Plan on VAT, which 'sets out immediate and urgent actions to tackle the VAT gap and adapt the VAT system to the digital economy and the needs of SMEs.' The Action Plan includes measures to remove VAT obstacles to e-commerce in the Digital Single Market, such as extending the One Stop Shop concept to all cross-border e-commerce; including simplifications to help start-up e-commerce companies; streamlining audits; and removing VAT exemption for importing small consignments from suppliers in third countries. More information can be found here.

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