Last month the Trade Facilitation Agreement entered into force. This agreement aims to simplify and clarify international import and export procedures, customs formalities and transit requirements. It will make trade-related administration easier and less costly and will also help improve transparency, increase possibilities for small and medium-sized companies to participate in global value chains, and reduce the scope for corruption. The European Union promotes and plays a leading role in

Commission sets out the strategic way forward for the EU’s Customs Union Brussels, 21 December 2016 The European Commission today adopted its long-term plan to give fresh impetus to the management of the Customs Union, a basic pillar of the European Union which supports and protects the Single Market. The role of customs authorities in ensuring our safety and security in the EU is increasing. A strong and well managed

Yes, it’s finally going to happen. The EC recently published its proposal to modernise VAT for cross-border e-commerce. Here’s the timeline: In 2018 A set of thresholds (EUR 10 000 and EUR 100 000) for cross-border supplies of electronic services will be introduced to help microbusinesses and SMEs. This means in practice that only businesses with cross border sales of more than EUR 100 000 will be subject to the standard rules.

More than ever, tax policies and are under scrutiny, not only for their impact on businesses and the economy, but also for their effects on public finances, public services and ordinary citizens. To develop good tax policies, and to better understand existing policies, it is essential to have high quality data and comparable information about tax systems. This is the aim of ‘Taxation Trends in the European Union’ which provides

Customs authorities across the EU seized an estimated five million more counterfeit items in 2015 than the previous year, according to a new report released by the European Commission. This means that the number of intercepted goods grew by 15% compared to 2014. More than 40 million products suspected of violating an intellectual property right were detained at the EU’s external borders, with a value of nearly €650 million. The

Commission launches work to create first common EU list of non-cooperative tax jurisdictions The European Commission is forging ahead with work to draw up a first common EU list of non-cooperative tax jurisdictions by presenting a pre-assessment (‘scoreboard of indicators’) of all third countries according to key indicators. It is now for EU Member States to choose which countries should be screened more fully over the next months so as

Recently, the European Commission launched a guidance to the use the of the transaction value and the royalties and license fees. We will focus on the transaction value first as this is the transition that will affect most companies. To be clear about the status the EC immediately states that the guidance is not legally binding and is only of an explanatory nature. ‘The purpose is to ensure a common

Please see the Updated Authorised Economic Operator guidelines as presented today. The updated EU AEO Guidelines are in line with the new Union Customs Code (UCC) provisions which will apply from 1 May 2016.

It doesn’t happen much. Actually, it never happens that a paper published by the EC makes me want to dance. But this time I am not so sure. Reading the paper the first thought that enters my mind is that it feels like a house track (electronic dance music, or EDM), including the lyrics typically used in this kind of music. We are having a hard time, there is no

Recently, the European Tax Gap Project Group (TGPG) presented a report intended to serve as a guide in the world of EU VAT gap estimations. It’s an introduction into the currently applied methodologies of the VAT gap estimations. Methodologies that, not very suprising, vary per EU Member State. Before publishing this report a reminder of what we are talking about: the money involved. With Finland, the Netherlands and Sweden on top and Romania,