The EU’s sweeping VAT in the Digital Age (ViDA) regulations are set to take effect in 2024 and will significantly alter how cash flows for companies transact with customers or vendors operating in the EU.

To avoid either financial penalties or loss of business, accounting departments should take proactive steps now and ensure they are compliant with the ViDA regulations as they come into effect. 

In this article we cover what these EU mandates are, who they affect and when - as well as outline the steps required to comply.