EU VAT authorities now routinely audit e-commerce sellers, matching platform data against returns. The article outlines the audit process, DAC7 obligations, and record-keeping requirements.
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Key Takeaways
As of 1 January 2023, DAC7 requires every digital platform in the EU to report seller income annually for sellers earning over €2,000 or completing 30+ transactions.
From 1 January 2023, German GoBD requires VAT records to be kept for ten years, while UK regulations require six years of record retention.
From 1 January 2023, authorities can impose penalties up to 100% of the shortfall for deliberate non-compliance.
From 1 January 2023, EU authorities can pull transaction records from Amazon, eBay, Shopify, and Stripe for VAT audits.
Primary source
Read the full article at VatComplianceThis summary was published on VATfaqs.com on 12 July 2026. It relates to VAT developments in European Union. The original source is VatCompliance.
