Upcoming changes in the world of VAT 2020
25/26 September 2019 | Webinar
In October 2017, the European Commission has launched its proposal for one of the largest VAT reform in a quarter of a century (so-called EU Action Plan on VAT). The VAT proposal of the European Commission should improve and modernize the system for governments and businesses and will mainly affect the companies working on a crossborder level. The implications for businesses are significant, complex and far-reaching.
In October 2017, the European Commission has launched its proposal for one of the largest VAT reform in a quarter of a century (so-called EU Action Plan on VAT). The VAT proposal of the European Commission should improve and modernize the system for governments and businesses and will mainly affect the companies working on a crossborder level. The implications for businesses are significant, complex and far-reaching.
The tax environment will change substantially in near future. This especially applies to the ‘world of VAT’. As an outcome of the EU action plan on VAT, the quick fixes will come into force from 1 January 2020 onwards. The rules will potentially influence business decisions, may result in amended supply chains and will in any case result in additional or amended processes.
The experts of Mazars’ Global VAT & Indirect Tax Group shared with participants the upcoming changes and guided through any obstacles. They also highlighted what needs to be done for businesses to be compliant with the new regulations.
AGENDA
- Overview about recent developments
- Quick fixes in detail:
- Supply Chain transactions and allocation of ‘moveable’ supply
- Check of VAT Id. Numbers in cross-border transactions
- Correct and complete EC Sales List
- New Consignment Stock Regulations
- E-Commerce Package
- Final VAT System – Outlook 1 January 2022
