On the 30th of September 2020, the European Commission has published explanatory notes on the new VAT e-commerce rules.
The notes are intended to provide an explanation of the amendments to the legislation which will be applicable as from the 1st July 2021. They are based on the views of the Commission’s Directorate-General for Taxation and Customs Union and are therefore not legally binding. However, they contain explanations and clarifications as well as practical examples of scenarios involving e-commerce transactions and are intended to assist businesses in understanding the legislation and their obligations.
For a copy of the explanatory notes, please click here.