On 11 March 2024, a new release of the Customs Decisions System will be deployed to implement GUM 1. The GUM System will enable the granting and management of the authorisations for comprehensive guarantees and the monitoring of the guarantees, except …
EU taxation news
EU Traders offered online access to the new central PoUS system
From 1 March 2024, in accordance with the provisions of the Union Customs Code (UCC), the Proof of Union Status (PoUS) system phase 1, which establishes electronic proofs in the form of T2L and T2LF data, has been launched by the Commission.
Opinion piece by Director-General Gerassimos Thomas for Eurofi magazine
Carbon pricing and CBAM support long-term investment needed for green transition
Member States agree to update the EU list of non-cooperative tax jurisdictions
On 20 February 2024, Member States decided to remove four jurisdictions – the Bahamas, Belize, Seychelles, and Turks and Caicos Islands – from the EU list of non-cooperative jurisdictions for tax purposes (Annex I). The Bahamas and Turks and Caico…
New measures to fight VAT fraud on online sales
We talked to two of the DG TAXUD architects behind the new rules and the information sharing system underpinning them about how the new system will work to help Member States recoup much-needed VAT revenues!
New phase of EU Excise Movement and Control System (EMCS) allows for interoperability with export systems
The EU Excise Movement and Control System (EMCS) is the trans-European system for the movement of excise goods (tobacco, alcohol and energy products) across the EU. The system is in place since 2011 and currently used by more than 200,000 registered op…