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MEPs plan clampdown on online platforms to close €5bn VAT gap

European lawmakers are set to tighten rules for large online platforms such as Amazon and eBay to recover billions in lost VAT from sales through their sites.

MEPs plan clampdown on online platforms to close €5bn VAT gap
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  • Shared by Accountancy Daily
  • November 18, 2019
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The proposed rules will overhaul the outdated 2006 VAT Directive to reflect the growth in online shopping and digital commerce and were pushed through the European parliament by Ondřej Kovařík (Renew, CZ).

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