The European Commission released the minutes from its 51st Group on the Future of VAT meeting, held on 3 March 2024, which discussed the ViDA package’s e‑invoicing, digital reporting, platform economy VAT and single VAT registration provisions. Key dates include the start of OSS guidelines on single VAT registration on 1 January 2027 and several upcoming GFV/VEG meetings in mid‑2026 that will shape the final Explanatory Notes for 2027.
They take effect on 1 January 2027, introducing new rules for SMEs, IOSS, and the Non‑Union taxable event.
It is scheduled to discuss new versions of the Explanatory Notes on the ViDA package, refining e‑invoicing and digital reporting provisions.
The final online joint GFV & VEG meeting on 19 November 2026 will finalize the Explanatory Notes for 2027.
It will present studies on VAT beyond ViDA and on financial services, informing future policy developments.
This summary was published on VATfaqs.com on 17 April 2026. It relates to VAT developments in European Union. The original source is EY Tax News.
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