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European Council Announces New ViDA Amendments For Discussion

Friday 10th May, 2024

The European Council announces revised ViDA drafts for approval on the Economic and Financial Affairs Council (Ecofin) meeting on 14 May, 2024.

The draft Council directive will amend Directive 2006/112/EC as regards VAT rules for the digital age.

The rules proposed to address VAT collection by platforms in short-term accommodation and road transport sectors.

According to the Draft Council Directive, the following Digital Reporting Requirements (DRR) will apply from 1 July 2030:

- einvoices need to follow a standard but exceptions will be allowed for domestic transactions
- einvoices for cross-border transactions are to be issued within 10 days from the chargeable event
- EU sales listing requirement will be removed from that same date
- real-time reporting also only obliged for cross-border transactions
- existing einvoicing and real-time reporting requirements in EU Member states must be updated to the European standard by 2035.

Changes to platforms from 1 January 2026 include, supplies of goods via a marketplace and from 1 July 2027 for short-term accommodation and passenger transport services.

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