VATLive > Blog > European News > Latest EU VAT initiatives - Avalara

Latest EU VAT initiatives


Latest EU VAT initiatives

Last week, ECOFIN (the EU’s committee reviewing economic and financial policies) confirmed plans under the new Luxembourg presidency of the EU. Each member states taxes over the presidency, controlling the day-to-day agenda of the EC, for a six month rotating term.

Luxembourg EU VAT initiatives

Luxembourg will focus on continuing work on the following VAT initiatives:

  • Progress towards a standard VAT return
  • Agreement on the treatment for VAT on consumer vouchers
  • Withdrawal of the low value consignment relief for VAT-free imports of small value goods
  • VAT fraud initiatives
  • Extension of the Mini One-Stop-Shop beyond digital services.

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 is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.