A package of measures
is being introduced to simplify and
modernise the VAT system for
cross-border trading and to counter
fraud across the EU. The measures
include:
- changes to the basic place of
supply of services rules
- changes to the time of supply
rules
- European Sales List (ESL)
reporting for supplies of
cross-border services
- a new electronic refund
procedure for VAT incurred in other
EU Member States.
To read more about
these proposed changes visit the link
below.
Internet link:
HMRC VAT changes link |