The EU VAT e-commerce package was introduced on1 July 2021 across its Member States: BA (Hons) in Accounting & Finance Report, ICD, Ireland
| University | Independent Colleges Dublin (ICD) |
| Subject | BA (Hons) in Accounting & Finance |
Assessment requirements:
Requirement:
Report Topic
The EU VAT e-commerce package was introduced on1 July 2021 across its Member States. The European Union is seeking to simplify procedures and reduce administration for its Member States, particularly in terms of VAT.
As part of your report, please cover the following key areas:
• Benefits, which flow from a more integrated VAT system in Europe.
• The ongoing work by the EU Commission evaluating VAT in the Digital Age initiative.
• The latest updates on the Import One Stop Shop (IOSS) that have been addressed as part of the EU-wide Vat e-commerce changes.
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