An EU Single VAT Registration on B2B Supplies
Journal
European Union
International VAT Monitor 2021 (Volume 32), No. 2
The European Commission is examining the extension of the One-Stop Shop (OSS) arrangement to B2B intra-EU transactions. This suggestion would be very promising if it could reduce the cost of intra-EU trade formalities, taking into account the impact of the prefinancing of VAT. Such a solution might be possible by a reduction of the formalities imposed on businesses, combined with the use of new technologies.