Posts about:
The Electronic Invoicing Service Providers Association (EESPA) has welcomed the harmonisation of e-invoicing and digital reporting requirements (DRR) proposed as part of the ViDA (VAT in the Digital Age) project. The EESPA seeks to encourage the use of the DCTCE model for B2B transaction data and exchanging invoices.
The lack of political consensus in the European Parliament is increasing the likelihood of delays to the planned timetable for the ViDA project.
The recent Economic and Financial Affairs Council, commonly known as ECOFIN, convened in Luxembourg in July. During this meeting, EU member states demonstrated broad agreement on the majority of proposals presented under the ViDA project.
On 8 December 2022, the European Commission published a set of initiatives aimed at controlling and modernising the VAT system and preventing tax evasion. This package of measures is known as the ViDA (VAT in the Digital Age) project, an action plan that will help make VAT more resistant to fraud by embracing and promoting digitalisation.
