European Parliament Publishes Draft Report on ViDA Approval

Following the unanimous endorsement of ViDA during the ECOFIN meeting on November 5, further steps have been taken toward securing final approval of the proposal.

The European Parliament has now released a draft report on the EU Council's proposed directive, which seeks to amend the rules.

The draft report confirms the Parliament's agreement with the EU Council's directive concerning VAT regulations for the digital age.

Additionally, the report highlights several key points:

• Request for the Parliament to be informed about any anticipated changes to the approved version of the proposal
• Request for notification regarding major modifications to the proposal
• Directive from the Parliament's leadership to share its position with the EU Council, the Commission, and National Parliaments.

In conclusion, rapporteur Ľudovít Ódor emphasizes that adopting a simplified procedure without amendments is the most effective approach for advancing the proposal and meeting implementation deadlines.

There’s more you should know about global e-invoicing changes – learn more about the new and upcoming regulations.