EU tax transparency tools prove effective in the fight against tax evasion and tax avoidance
EU tax transparency rules on the automatic exchange of information between Member States are delivering added-value when it comes to countries’ ability to crack down on tax avoidance, according to an evaluation published on 16 September 2019 by the Commission. The report provides a first snapshot of the commonly agreed legislation underpinning the exchange of tax […]
Union Customs Data Model 4.0 goes live
The EU Customs Data Model (EUCDM) is the model for Customs trans-European systems such as NCTS, AES, ICS, EOS and for Member States national customs clearance systems. Its overall objective is to provide a technical instrument that models the data requirements laid down in EU Customs legislation and present a single and genuine source of […]
VAT Cross Border Rulings (CBR)
EU Pilot project What is it? A pilot project has been set up to allow taxable persons to obtain advance rulings on the VAT treatment of complex cross-border transactions. Several Member States are participating in this project, set up by the EU VAT Forum. Taxable persons envisaging cross-border transactions between two or more of the participating […]
New form of customs declaration for low value consignments
Following an amendment to the Union Customs Code Delegated Regulation (EU) 2015/2446, it will be possible from 1 January 2021 to declare goods up to 150 € using a customs declaration that requires 3 times less data than a standard declaration. From 1 January 2021 the existing VAT exemption for goods up to 22 € will disappear. In order to allow […]
EU extends trade defence rules to continental shelf and exclusive economic zones of Member States
Today, the EU published new rules allowing the EU to impose anti-dumping and anti-subsidy measures in case of unfair trade in goods brought to the continental shelf or the exclusive economic zones of EU Member States. An exclusive economic zone is defined by the United Nations Convention on the Law of the Sea as a […]
EU – Hong Kong Customs cooperation
The volume of trade between Hong Kong and the EU makes cooperation between their customs authorities very important to the facilitation of legitimate trade flows and the preservation of supply chain security. On 13 May 1999, the then European Community and Hong Kong, China signed an Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters (CCMAA). See Official Journal L […]