EU VAT in the digital age package: ICAEW responds

The EU commission recently consulted on its legislative proposals to implement its VAT in the digital age (ViDA) package. The commission made proposals for a directive, a regulation and an implementing regulation with respect to the introduction of its proposals. 

The ViDA package covers: 

1. VAT reporting obligations and e-invoicing;
2. the VAT treatment of the platform economy; and
3. the single (place of) EU VAT registration. 

Based on feedback from members, ICAEW’s Tax Faculty made comments on all sections of the proposals in ICAEW REP 28/23.  

The faculty focused on the timelines proposed for implementation of the proposals and suggested that the lead-time be extended for the introduction of EU-wide obligations.  

The faculty also noted a couple of areas of the legislative proposals that needed further clarification, including a request for a definition of ‘platform’ to be included in the legislation. 

The EU commission is expected to publish a summary of responses in the coming weeks. 

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