Can the EU VAT regime be fixed?
Selling to or across the EU? Discover how you can prepare for the coming EU VAT reforms in this on-demand webinar
Can the EU VAT regime be fixed?
The current EU VAT regime has remained largely unchanged since the inception of the EU Single Market in 1993 and is now showing its age. The increase in carousel VAT fraud and challenges in tracking ecommerce sales has put a huge strain on the current infrastructure and is resulting in an estimated VAT loss of €55 billion.
To tackle these challenges, the EU Commission has proposed an ambitious range of reforms to the EU VAT Directives over the next seven years. These seek to close the VAT fraud loopholes and make tracking ecommerce VAT easier. However, disagreements between member states on the big reforms, and the impact of the COVID crisis are threatening to derail the current roadmap.
Join Richard Asquith, VP Indirect Tax at Avalara to learn about the aims of the reforms, what’s been achieved so far, and the flashpoints over the crucial next six months.
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Speakers
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
