A Single VAT ID is what Europe needs to let its businesses thrive
A Single VAT ID is what Europe needs to let its businesses thrive.
The VAT One Stop Shop has been introduced on 1 July to simplify VAT registration and reporting of all businesses for B2C distance selling. However, businesses that place their own inventory in several EU countries still have to register VAT for each country in which they have storage.
Thus, a VAT One Stop Shop 2.0 is needed. It needs to be expanded to include cross-border movement of own inventory across the EU. This 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.
Do you support the expansion of the VAT One Stop Shop to cross-border movement of own inventory across the EU?
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