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EU VAT reforms 2016

  • Oct 2, 2016 | Richard Asquith

EU VAT reforms 2016

The new Slovakian presidency of the European Council has outlined some of its key EU VAT reform priorities, following on from the European Commission’s 2016 VAT Action Plan.

The new initiatives to be detailed by the end of 2016 include:

  • Extending the e-services single EU VAT registration portal to e-commerce goods, including a low registration threshold
  • Removal of the low-value consignment VAT import relief
  • Single, cross border VAT audits
  • Reforms of reduced VAT rates for e-books, newspapers and periodicals
  • Temporary use of the domestic reverse charge in vulnerable sectors for transactions above a certain threshold
  • Final proposal for the treatment of cross-border intra-community supplies
  • Conclusion on a VAT administrative and recovery agreement with Norway

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.