Article

The New VAT Record Keeping and Reporting Obligations for Payment Service Providers (31 International VAT Monitor 4), pp. 169-183

  • July 2020
Authors:
Mariken van Hilten
Mariken van Hilten
Mariken van Hilten
  • This person is not on ResearchGate, or hasn't claimed this research yet.
Giorgio Beretta at University of Amsterdam
Giorgio Beretta
Download citation
To read the full-text of this research, you can request a copy directly from the authors.

Abstract

On 18 February 2020, the European Council adopted a new set of rules that, as of 1 January 2024, will require payment service providers (PSPs) to record certain information on payment transactions and report this information to the tax authorities of EU Member States. In this article, the authors discuss the scope and implications of the new VAT obligations as laid down in Directive 2020/284/EU and Regulation 2020/283/EU. Although concurring with the need to introduce adequate VAT enforcement mechanisms, the authors identify several problem areas in which the new VAT record keeping and reporting obligations for PSPs might see an improvement.

No full-text available

Request Full-text Paper PDF

To read the full-text of this research,
you can request a copy directly from the authors.

ResearchGate has not been able to resolve any citations for this publication.
About Form 1099-K, Payment Card and Third-Party Network Transactions (11
  • Mar 2020
  • 31
Internal Revenue Service (IRS), About Form 1099-K, Payment Card and Third-Party Network Transactions (11. Mar. 2020), available at https:// www.irs.gov/forms-pubs/about-form-1099-k (accessed 31 May 2020).
laying down implementing measures for Directive 2006/112/EC on the common system of value added tax
  • Mar 2011
  • 1
Council Implementing Regulation (EU) 282/2011 of 15 March 2011 laying down implementing measures for Directive 2006/112/EC on the common system of value added tax [hereinafter Implementing Regulation], OJ L77 (2011), p. 1, as amended, Primary Sources IBFD.
Primary Sources IBFD) has indeed marked an important milestone in the digitalization of
  • Jan 2010
The adoption in 2010 of the so-called Invoicing Directive (Council Directive 2010/45/EU of 13 July 2010 amending Directive 2006/112/ EC on the common system of value added tax as regards the rules on invoicing, OJ L189 (2010), Primary Sources IBFD) has indeed marked an important milestone in the digitalization of tax compliance in the European Union.
Trust: A Sustainable Option for the Future of the EU VAT System?
  • Jan 2019
  • M Lamensch
M. Lamensch, Trust: A Sustainable Option for the Future of the EU VAT System?, 30 Intl. VAT Monitor 2 (2019), Journal Articles & Papers IBFD.