VAT news tagged as "ECON"

Europe

EU ECON reviews definitive VAT system

May 12th, 2018

The European Union’s Parliamentary economic and monetary affairs committee, ECON, has recommended changes to the proposed ‘definitive VAT system’. The new regime has been proposed by the European Commission, and includes shifting to a destination-based VAT system from January 2022. There are also four ‘quick fixes’ to help the current regime: simplified intra-community proof of …