VAT FLASH NEWS – 100th Edition

As each month we selected some VAT news and insights that may be of your interest. In this 100th Edition, there are several topics we talk about.

1/ AUSTRIA: Triangular transactions changes

The implementation of the simplification measure for triangular transactions provided for in the Value Added Tax System Directive took place in Austria with Art. 25 UStG 1994..

2/ UK: Making Tax Digital for VAT in 2022

What is changing from 1 April 2022?

From the first VAT period starting on or after 1 April 2022, VAT registered businesses with an annual turnover below the VAT registration threshold (and are therefore not already signed up to MTD) will now be required to sign up for MTD.

3/ SLOVENIA: Introduction of reverse charge for foreign BtoB sellers as from 22 January 2022

Slovenia’s National Assembly approved adoption of Article 194 of the EU VAT Directive for the VAT Act. That means that VAT compliance obligations can be shifted from foreign B2B seller to their resident customers.

4/ FRANCE: Reverse charge of Import VAT – New Online Service

Following the introduction of the new VAT reverse charge mechanism, the French customs administration has set up the online service “Données ATVAI” (“Reverse Charge of Import VAT” Data) for companies liable for reverse charge VAT on imports.

5/ EUROPE : Anti-VAT fraud initiatives get Parliament vote

The European Parliament voted on 16 February 2022 in favour of harmonising pan-EU e-invoicing and supporting the adoption of the definitive VAT system reform.

6/ NETHERLANDS : Intrastat threshold 2022

The Netherlands has updated its 2022 Intrastat reporting thresholds.

7/ SWITZERLAND : New marketplace deemed supplier VAT rules

Switzerland is set to follow the EU by imposing deeded supplier obligations on digital platforms.

8/ EUROPE : EU solution to double taxation on IOSS VAT

The European Commission (EC) has proposed a solution to the problem of double taxation arising on the new Import One-Stop Shop process for declaring VAT on imports not exceeding €150.

9/ BELGIUM : B2B e-invoicing 2023?

3-phase launch for B2B electronic invoicing starting July 2023?