Wineries play a crucial role in the European economy, offering a rich variety of quality wines. However, the challenges associated with the movement of products subject to excise duty have always been a brake on their expansion. Fortunately, Directive (EU) 2020/262 has been introduced, bringing significant changes to facilitate trade in these products. In this article, we explore the key changes to this directive and how VignoblExport, in partnership with Eurotax, is supporting wineries with a new tax representation service, opening up exciting new opportunities for the wine industry.
Directive (EU) 2020/262: A revolution for wineries
(EU) 2020/262, which came into force at the beginning of the year, aims to simplify and modernise the administrative procedures involved in the movement of products subject to excise duty within the European Union. The products concerned include alcoholic beverages such as wine, beer, spirits and other energy products. This directive has been enthusiastically welcomed by the wine industry because of its many advantages.
Key changes in the directive
- Electronic Simplified Administrative Document (eSAD) The directive now allows wineries to use electronic declarations to record movements of products subject to excise duty. This considerably simplifies administrative procedures, reducing the time and costs associated with customs formalities.
- Improved tracking system. The directive introduces an improved tracking system, enabling tax authorities to track products more effectively throughout the supply chain. This enhances the security of trade and helps prevent fraud.
- Simplified fiscal representation. The directive authorises companies to be represented by third parties when handling customs formalities. That's where VignoblExport's new tax representation service, in partnership with Eurotax, comes in.
VignoblExport and Eurotax: A new fiscal representation service
VignoblExport, a leader in the transport of wines and spirits, has teamed up with Eurotax, a renowned provider of tax services, to offer wineries an innovative tax representation service tailored to Directive (EU) 2020/262.
How does it work ?
- Tax compliance. VignoblExport and Eurotax ensure that wineries are fully compliant with EU tax regulations, eliminating the risk of sanctions and penalties.
- Processing administrative formalities. The new service handles all customs and tax formalities relating to the movement of products subject to excise duty, considerably lightening the administrative burden for winegrowers.
- Prepayment of excise duties. Our service gives producers the opportunity to clear excise duties before delivery, ensuring full compliance with local regulations in the destination country.
- Easier access to the European market. Thanks to their in-depth knowledge of the customs and tax regulations of each EU country, VignoblExport and Eurotax enable wineries to access European markets more easily and more quickly.
- Cost reduction. VignoblExport and Eurotax's tax representation service optimises processes, saving time and financial resources for wineries.
In conclusion, Directive (EU) 2020/262 marks a crucial step for wineries by simplifying procedures for the movement of products subject to excise duty within the EU. Thanks to the new tax representation service offered by VignoblExport in partnership with Eurotax, wineries can concentrate on their core business while benefiting from solid expertise in navigating this new regulatory framework. This collaboration opens the way to new opportunities and increased growth for the European wine industry.