Category: News

EU publishes long-awaited and ambitious Customs Reform and it includes VAT implications! The European Commission published in May 2023 a package of proposals to transform and modernize the EU Customs Union.   The reform aims to significantly simplify current customs procedures…

CESOP and payment service providers’ new reporting obligations from 2024 Starting in 2024, payment service providers facilitating cross-border payments in the EU will be compelled to transmit data on international payments originating from the EU to the upcoming Central Electronic…

Poland adopts new package of VAT simplifications referred to as SLIM VAT 3 The so-called SLIM VAT 3 package was adopted in Poland with the intention to further simplify and modernise VAT compliance in the country. SLIM, which stands for…

SimplyVAT.com’s Consultancy Team helps business claim €1m VAT refund  When the new schemes were introduced in 2021, some businesses may have found it difficult to decipher whether they were registering for the correct one. The MOSS expanded into the OSS…

Norway makes remotely delivered services taxable in its territory Starting on 1 January 2023, the Norwegian authorities are making foreign businesses supplying remotely deliverable services liable for charging and collecting VAT on their sales to Norwegian consumers. In line with…

New DAC7 reporting obligations for online platforms comes into effect On 1 January 2023, the DAC7 came into effect in the EU, making online platforms liable for reporting seller’s income on an annual basis. This new reporting requirement was adopted…

British Columbia: Upcoming changes to PST collection for marketplaces Over the last few years, Canadian federal government and provinces have been introducing reform after reform to tax collection processes for ecommerce businesses.    British Columbia is the latest province to change…

Starting 1 January 2022, France is making Postponed VAT Accounting automatic and mandatory for all businesses VAT registered under the standard French VAT regime. This is good news for traders importing into France who should benefit from a significant cashflow relief.   What…

What’s the problem? There is growing concern amongst international trade experts that UK exporters aren’t aware that from 1st January 2022 they will be required to demonstrate compliance with the UK-EU rules of origin laid out in the Trade and…

The New Market Surveillance Regulation Written by Roberth Jonsson, CEO of 24hour-AR If you are selling products into the EU from outside the EU you may, or may not, have heard that there is a new regulation that came into…