On 7 December 2022, the European Commission (EC) published details of major reforms to the VAT regime, known collectively as ‘VAT in the digital age’.
These reforms aim to simplify VAT registrations for cross-border transactions by expanding the One-Stop Shop (OSS) to include more types of products. ‘VAT in the digital age’ (or ViDA) will also introduce a digital reporting requirement to harmonize live transaction reporting, including e-invoicing, in the EU.
The EC is also expected to implement further requirements for digital marketplaces (electronic interfaces) to collect VAT on behalf of its sellers.
Why should you attend this webinar?
The ViDA initiative fits-in the broader VAT trend of more digital and real-time reporting obligations, enabling businesses to cut compliance costs by minimizing VAT registration requirements and concentrating VAT liabilities around digital intermediary platforms. Given the broad scope of the proposed changes, the ViDA initiative will impact all businesses, especially those involved in international trade and the broader platform economy.
This webinar will cover the following topics:
We will look at the VAT in the Digital Age proposals and what they will mean for your organization. Key topics we will cover are:
- Why the proposals are required.
- Overview of the three key changes.
- Real time digital reporting including e-invoicing.
- Updated VAT rules for the platform economy.
- The introduction of an enhanced One Stop Shop (OSS) single VAT registration across the EU.
- What you need to do to prepare for these changes.
Who should attend?
Any business or organisation that trades with or in the EU. If you are currently VAT registered in the EU, it is essential that you attend as the proposals include significant changes to your obligations.
Thursday 6 April 2023 from 4:00pm – 5:15pm (UTC+1).
Kindly note that this webinar will be presented in English.
During the webinar you will have the opportunity to ask questions to the speakers. A few days after the webinar, everyone who has registered will receive an e-mail with the recording, the presentation slides and the Q&A session.
I am a Senior Consultant in Grant Thornton’s International Indirect Tax practice who likes to build bridges between the tax domain and the technology domain by creating innovative computational tax solutions while working in multi-disciplinary teams. I have the ambition to become an experienced and strong VAT specialist. I have a Masters’ degree in Tax Law from Erasmus University. Additionally, I followed a Tax & Technology course at Tilburg University. Before joining Grant Thornton I worked at a big four company and at an international law firm in Amsterdam and New York City.
Responsible for any VAT related questions coming from clients and the VAT related compliance obligations.