Simplify VAT – Making VAT work for all EU businesses
Today, a new meeting of the Fiscalis group is gathering VAT experts and stakeholders to discuss a unified VAT Solution in the EU.
Why does the EU need a Single VAT ID? Because businesses that place their own inventory in several EU countries have to register VAT in every country in which they store stock, even before a final sale has taken place.
An extension of the current VAT One Stop Shop to cross-border movement of own inventory across the EU 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 and to final consumers.
To learn more, visit our new website
More Information
For any other questions and/or comments, please contact Nikola Jurak or Vincent Yhuello
