Member of European Parliament (MEP) VAT in the Digital Age (ViDA) discussions
On 25 May 2023, the European Parliament’s Economic and Monetary Affairs Committee (ECON) met to discuss the proposals of the VAT in the Digital Age package (ViDA). The discussion unearthed some conflicting views with respect to the deadlines proposed by the Commission for e-invoicing. Specific Members of the European Parliament (MEPs) raised the following propositions:
- postponement of the deadlines by a year to allow a greater adaptation period
- extension of the deadline for electronic invoicing to 10 working days instead of the 2 working days outlined by the Commission, as this seems more realistic and viable
- deletion and / or adaptation of the new IBAN requirements.