New VAT rules took effect in the European Union (EU) on July 1, 2021. These changes are relevant to any business that sells goods or services to private consumers in any one of the 27 EU member states—a combined market of approximately 450 million consumers. Still, after a few months with these new rules in place, confusion remains, including whether they are optional or mandatory.
In this webinar, we provide a clear and concise overview of the new rules, so you understand the potential impact these changes could have for your business. We also highlight the benefits of the three new special schemes that were introduced as well as some of the potential pitfalls of which you should be aware.
• The Non-Union One-Stop Shop for Services
• The Import One-Stop Shop for Goods
• The Union One-Stop Shop for Goods and Services