Who are we? Our Solutions Our references Contact Blog Contact VAT exemption in intra-community trade in the European Union: new regulations BY OLIVIER & MARINE 08/07/2020 The European Union exempts its member states from paying VAT for intra-community trade. A transitional VAT regime was adopted in 1992 (Council Directive 2006/112/EC) pending its replacement by a definitive regime in 2022 which will confirm the taxation of goods in the Member State of destination. Today, this VAT is self-liquidated by the recipient but is expected to be collected by the seller. As the implementation of such a mechanism takes time, for the time being the current EU VAT rules applicable to intra-EU transactions are being improved through specific measures aimed at harmonizing and simplifying certain schemes for businesses but also at combating fraud. Thus, two regulatory texts have been published and have been in force since January 1, 2020: The new conditions for benefiting from the VAT exemption on intra-Community supplies of goods concern in particular the proof of transport for the purposes of the exemption of intra-EU transactions, chain transactions, the system of stocks under contract of deposit or the role of the VAT identification number in the context of the exemption of intra-Community supplies of goods. In this article, we will deal in particular with the subject of the VAT identification number. The insertion in the VIES database of the VAT identification number of the purchaser of the goods assigned by a Member State other than that of the departure of the transport of the goods for the granting of the exemption will now be a condition of substance rather than of form. Previously not used because it was not binding in regard to regulations, this software package tool is now a quick and efficient way to comply with recent regulatory changes. The control can be carried out in real time when entering the P01012 or can be done by a batch process that runs through the database and checks afterwards. The implementation of this technical functionality is estimated to take approximately 5 days: 4 days of technical consultant (CNC) 1 day as a functional consultant (senior) Contact us : A question or request? Our team of experts will answer you as soon as possible. SENT The author YOU MIGHT ALSO LIKE The FEC package version 5 07/10/2020 Orchestrator feature enhancements 11/24/2020 WORKSHOP SHEET : JD EDWARDS ENTERPRISEONE TOOLS RELEASE 9.2.4.3 07/10/2020 CONTACT +33 1 70 36 70 42 contact@bworkshop.fr Siège : 82 rue Villeneuve 92110 Clichy Agence Auvergne-Rhône-Alpes : Now-Coworking 35 rue de Marseille 69007 Lyon Agence Loire-Atlantique : Whoorks 17 Boulevard de Berlin 44000 Nantes NOS SOLUTIONS JD Edwards NetSuite Allout Kyriba Esker DDMRP OCI NOS ACTIVITÉS Intégration d'ERP Gestion de trésorerie Cloud Infrastructure DDMRP Digitalisation du P2P TMA CONTACTEZ-NOUS J’accepte la politique de confidentialité ENVOYER © All rights reserved Mentions légales Protection des données Nous utilisons des cookies pour vous garantir la meilleure expérience sur notre site web. Si vous continuez à utiliser ce site, nous supposerons que vous en êtes satisfait.Ok