No consensus on ViDA package at May ECOFIN
15 May 2024
According to reports from the 14 May 2024 ECOFIN meeting, progress was made in the discussions around the VAT in the Digital Age package (see MIT News 8 December 2022), however no agreement was reached.
The ViDA package, which is comprised of three parts:
- real-time reporting of intra-EU transactions
- the rules for passenger transport and accommodation platforms
- single VAT registration in the EU
Whilst there may be consensus on certain aspects of the proposals, the package must be approved as a whole in order to be passed into legislation.