Businesses Support Single EU VAT Registration, Group Says

Companies would support the EU expanding a “one-stop shop” system for the value-added tax, but cautioned against new VAT rules for sharing economy platforms, the U.S. Council for International Business said Thursday.

The European Commission is looking for feedback as it considers updates to VAT rules and systems for the digital age.

• USCIB called for an extension of the “Union One-Stop Shop” system—designed to simplify VAT compliance for e-commerce transactions—"to create a true single EU VAT registration.”
• While businesses would welcome the harmonization of various national e-invoicing systems, the letter said, they also worry that the EU-wide rules would ...