VAT changes in the EU will have ramifications for UK businesses
Significant VAT changes are to be introduced in the EU in 2025 with the aim to modernize and simplify cross-border transaction procedures.
In December 2022, the European Commission, having legislative initiative in the EU, launched the long-awaited proposals to modernise the VAT rules within the EU, and these are referred to as “VAT in the Digital Age package” (ViDA). Before the proposals can be adopted into EU law, they will be scrutinized