Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 1/24/2014

EU - VAT pilot project extended for cross-border SME transactions 

January 24:  The European Commission announced that the EU VAT Forum extended for another year a pilot project aimed at improving legal certainty for SMEs in their cross border VAT transactions.

According to an EC release, the pilot project has also been opened to other EU Member States than the ones already participating. Finland has already decided to join the 13 other EU Member States participating so far.


Names of other EU Member States will be added on the Europa-website as soon as they confirm their participation. Now 14 Member States (Belgium, Estonia, Spain, France, Cyprus, Latvia, Lithuania, Malta, Hungary, the Netherlands, Portugal, Slovenia, Finland, and the United Kingdom) are engaged in the project.


The pilot project, launched in June 2013, entails EU Member States providing their advance opinion on the VAT treatment of complex cross-border transactions submitted by small businesses. A mid-term review of the experiment will be made in June 2014.




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