European Union: Submitted proposal for a Council Directive amending Implementing Regulation (EU) 282/2011 as regards information requirements for certain VAT schemes

On 8 December 2022, the European Commission submitted a proposal for a Council Regulation amending Implementing Regulation (EU) 282/2011 as regards information requirements for certain VAT schemes in the digital economy. The proposed regulation aims to adapt VAT information protocols to the realities of digital transactions, thereby improving transparency and compliance. Specifically, the proposal introduces standardised reporting requirements for e-commerce transactions within the EU, facilitating efficient cross-border VAT collection. Platforms facilitating digital services, such as online marketplaces, would be required to collect and submit detailed transaction data on behalf of sellers to ensure consistent reporting standards across Member States, thereby supporting tax authorities in VAT enforcement across the digital single market.