The key reform will mean some sellers will be able to report all their pan-EU sales on a single VAT return in their home country instead of having multiple VAT registrations across the EU. The aim is to boost cross-border online trade and promote trade across the EU’s digital single market by reducing compliance obligations. The changes also seek to tackle the stubborn €5 billion eCommerce VAT fraud gap, with member states looking to close import loopholes.
Businesses who also run a ‘marketplace’ style website may find they have new responsibilities under these new reforms, having previously never thought of themselves as a ‘marketplace’. We will discuss all this and more on our in-depth webinar into the impending changes.
Download the webinar presentation to find out:
- What the major reforms are, and how they will affect your obligations
- How the 'One Stop Shop' (OSS) will affect your T&E VAT recovery
- How BREXIT will affect these new changes for UK sellers
- How the OSS will help to close import VAT exemption loopholes and tackle the €5B eCommerce VAT fraud gap
Download the presentation below: