The EU’s new comprehensive reporting regime will go live on 25 June 2018. The EU’s directive (commonly referred to as DAC6) has been officially adopted by the EU and has been published in the Official Journal of the EU on June 5. Continue reading
As of 1 January 2014, invoices for supplies to federal offices have to be sent electronically (Directive 2010/45/EC). Paper invoices will only be accepted in case of cash payment. The Austrian Ministry of Finance expects from this change from paper invoices to electronic invoices less administrative work and optimised invoice processing. Continue reading
The European Court of Justice published its judgement in an infringement procedure where the EU Commission brought several EU Member States to the Court for failure to comply with their obligations under the EU VAT Directive.
The actions relate to the special scheme for travel agents which is commonly referred to as TOMS (Tour Operators Margin Scheme) and which is relevant from an EU-wide VAT perspective. There has been some uncertainty Continue reading