More than €33 billion in value added tax (VAT) revenue was collected in 2024 through the EU’s e-commerce VAT systems, according to a European Commission report published on Wednesday 23 July.
The overall VAT declared in each of the three One-Stop Shop (OSS) schemes - the Union scheme, the non-Union scheme and the Import scheme - has increased year on year since the package came into force in 2021. In 2024, total VAT declared under the three schemes rose by €6.8 billion, from...