The regular Cross-Border Developments and Trading Corner update for 12 October 2026 covers recent EU and UK tax developments affecting Irish traders. Highlights include the European Commission’s proposal to extend the VAT One Stop Shop (OSS) to domestic B2C supplies, new UK customs guidance on valuation methods for related-party imports post-Brexit, and the latest Joint Committee decisions under the Windsor Framework facilitating goods movement between Great Britain and Northern Ireland. The update also summarizes recent CJEU rulings on the place of supply for electronically supplied services and the right to deduct VAT on holding company expenses.
Key Takeaways
- OSS Expansion Proposed: Extending OSS to domestic sales would simplify VAT compliance for SMEs selling across multiple EU member states via a single portal.
- UK Customs Valuation: HMRC’s updated guidance tightens documentation requirements for transaction value adjustments in related-party imports, increasing audit risk.
- Windsor Framework Progress: New ‘green lane’ arrangements for trusted traders reduce physical checks on agri-food goods moving from GB to NI, easing supply chain friction.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement