VAT, PMI and customs reform: what's new from VEG

What is the VEG? VEG is an acronym for VAT Expert Group: a group of experts on value added tax to advise the Commission on the preparation of legislative acts and other policy initiatives in the field of VAT and to provide insight concerning the practical implementation of legislative acts and other EU policy initiatives in that field. VAT in the Digital Age (ViDA) package: state of play of negotiations in Council The Commission services provided a brief update on the state of play of the negotiations in Council of the ViDA legislative package. Under the ES Presidency, several meetings have been held on the three work streams of the proposal (19 and 20 July, respectively on the Platform and Single VAT Registration (SVR) parts, 11 and 12 September on the Digital Reporting Requirements (DRR) part and related administrative cooperation aspects, and on 9 October and 10 October respectively on Platforms and SVR). At the ECOFIN meeting held in June, most Member States expressed broad support on the package and the need to continue the discussion on more technical aspects. In addition, a dedicated Group on the Future of VAT meeting on DRR took place on 8 September 2023, at which with fiv...