Knowledge and background on the 2020 vat reform

17. Sep 2019

Simpler, less prone to fraud and better able to take advantage of the internal market, these are the objectives of the European Union’s VAT reform. To this end, the EU has adopted short-term measures, so-called “Quick Fixes”, as of 01.01.2020.

Background on the 2020 Vat Reform Reform Reform

All companies participating in the trade of goods in the internal market with cross-border transactions are affected. The reform will be implemented without transitional periods, so that the legislator must transpose the requirements of Article 45a of the EU No. 282/2011 into national laws by 01.01.2020.

Conversion tax refrom 2020

What changes can be expected?

In our background, we explain what is behind the five Quick Fixes, what conditions will apply for the exemption from intra-Community supplies in the future and what adjustments will be made to the rules on book and document documents. In addition, we look at the impact on deliveries via consignment sanots and series transactions.

Pers contact

dbh Logistics IT AG
Martina Silva

marketing@dbh.de

Meer persberichten

Brexit – Country codes Customs declarations

No official ATLAS Participant Information >/g> is yet available from the customs administration for the adaptations of the country codes in customs declarations for Great Britain, Northern Ireland and British Special Areas . The Federal Statistical Office has...

Brexit: EU initiates proceedings against Great Britain

With the Internal Market Act, Prime Minister Boris Johnson is opening up what is actually already a closed point in the brexite negotiations. The issue at stake is the border between Ireland and Northern Ireland. The recently adopted law is intended to guarantee...