The VAT package, a series of changes to the EU VAT legislation applicable from 1 January 2010, is without any doubt the most important change of the EU VAT system since 1993.

On 1 January 2010, the VAT package rules for cross-border services will be fundamentally amended. This will have major consequences for the place of supply rules for services, invoicing, the design of the accounting systems and internal controls. These changes may also impact the pre-financing of your VAT and accordingly, have a cashflow impact.