VAT in the Digital Age (ViDA) formally adopted
date: 04/04/2025
These reforms aim to streamline VAT compliance, reduce administrative burdens, and strengthen fraud prevention across the Single Market. The main components include:
- Digital Reporting Requirements (DRR): Mandating eInvoicing and near real-time reporting for intra-EU transactions will be effective from 1 July 2030.
- New VAT Rules for the Platform Economy: Platforms facilitating short-term accommodation or passenger transport will be responsible for collecting and remitting VAT under certain conditions.
- Single VAT Registration: Businesses will benefit from simplified procedures and an expanded one-stop shop, limiting the need for multiple VAT registrations across Member States.