The highlight of the October I plenary session was the debate on the preparation of the European Council meeting on 18 and 19 October 2018. Continue reading
The common European value added tax (VAT) system was set up in 1967 and reformed to adapt it to the entry into force of the internal market in 1993. Therefore, the existing rules governing intra‑Community trade, which were intended to be transitory, are 25 years old. Continue reading
Value added tax (VAT) is an important source of revenue for national governments and the European Union (EU) budget and, from an economic point of view, it is a very efficient consumption tax. Continue reading
Value added tax (VAT) is an important source of revenue for national governments and the European Union (EU) budget and, from an economic point of view, a very efficient consumption tax. Continue reading
Value added tax (VAT) is an important source of revenue for both national governments and the European budget and, from an economic point of view, a very efficient consumption tax. However, the rules governing intra-Community trade are 25 years old and the current common EU VAT system is vulnerable to fraud. Continue reading
Value added tax (VAT) is a consumption tax borne by the final consumers and collected by businesses as taxable persons. Businesses have VAT administrative obligations and act as VAT collectors. Continue reading
In its VAT digital single market package, published on 1 December 2016, the Commission proposes to extend payment possibilities through the MOSS to online supply of goods and cross-border services to final consumers. Continue reading
This proposal is part of a package of EU legislation that aims to modernise the VAT regime for cross-border B2C e-commerce. This proposed regulation provides the basis for the underlying IT infrastructure and the necessary cooperation by Member States to ensure the success of the extension of the Mini-One-Stop-Shop (MOSS). Continue reading
Written by Ivana Katsarova With an estimated value of US$151 billion, book publishing gradually evolved into a truly global business early in the 21st century. As yet, however, e-books are nevertheless significant only in a relatively small number of markets. These are led by the United States (13% of the book market) and the United Kingdom … Continue reading
Written by Alessandro D’Alfonso The annual adjustment of the financing of the EU budget is now in the spotlight. In 2013, around three quarters of the total revenue (€149.5 billion) came from a resource linked to the gross national income (GNI) of EU countries. A resource based on value added tax (VAT) provides another 10% … Continue reading