Making VAT work for all EU businesses

While great progress has been made with a VAT One Stop Shop 1.0, the current EU VAT system still disadvantages millions of small and medium-sized enterprises by leaving out an important aspect of EU trade.

Businesses that place their own inventory in several EU countries have to VAT register in every country in which they store stock, even before a final sale has taken place. This is costly, time consuming and completely unnecessary in a 21st Century VAT system.

THE SOLUTION: a VAT One Stop Shop 2.0 that would enable businesses that sell remotely to have a single EU VAT registration and to report all VAT through a single digital VAT portal on their entire EU logistics chain – from procurement and inventory placement to sales to final consumers.