European Commission Proposes VAT Overhaul

October 5, 2017 Charles Riordan

On October 4, 2017, the European Commission published a set of proposals aimed at simplifying and modernizing the current VAT system. The "cornerstone" principles of the Commission's approach are: 


  • Combating VAT fraud and reducing the €150 billion VAT Gap
  • Establishing a "One Stop Shop" for cross-border trade
  • Consistently applying the "destination principle" for VAT
  • Simplifying invoicing rules for businesses making cross-border supplies


To continue reading, head over to the Sovos blog for the full details. 

About the Author

Charles Riordan is a member of the Tax Research team at Sovos Compliance specializing in international taxation, with a focus on Value Added Tax systems in the European Union. Charles received his J.D. from Boston College Law School in 2013 and is an active member of the Massachusetts Bar.

More Content by Charles Riordan
Previous Article
Mexico Provides Relief to VAT Taxpayers Affected by Earthquake

The Mexican President has issued a decree allowing taxpayers to complete VAT payments in installments over ...

Next Article
Puerto Rico Suspends Bi-Weekly Prepayment of Sales Tax

The Treasury Department of Puerto Rico (Hacienda) has suspended the requirement to remit the regularly sche...


Regulatory Analysis News - Delivered Weekly

Thank you for subscribing!
Error - something went wrong!