The practical implementation of the Quick Fixes 2020 is currently the number 1 VAT topic for most companies and their tax advisors. The fact that a draft of the German law already exists for this is certainly beneficial. However, there are a number of detailed questions that make implementation difficult. It is therefore helpful that the EU has published draft Explanatory Notes following discussions in the VAT Expert Group and the Group on the future of VAT. These are not binding. However, it is to be hoped, that the Member States and their tax administrations will follow these guidelines.
In this context, we would also like to draw your attention to our series of seminars on quick fixes, in which we address the various issues in detail. There are still places available for Frankfurt and Hamburg.
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