VAT news tagged as "Intra-community"

Europe

EU destination-based VAT reform hitch

April 16th, 2018

Progress on the EU’s ambitious proposals for a ‘Definitive VAT System’ by 2022, grounded on a leap to a destination-based VAT regime to combat fraud, is being delayed over a proposed exemption for large companies. The current rotating EU presidency is held by Bulgaria which had hoped for next-stage agreement by May. But this now looks likely …


Europe

EU ECOFIN future of VAT

October 17th, 2016

The European Union’s ECOFIN, council of EU finance ministers, published draft consultations on measures to improve the single-market’s VAT regime. The initiative is part of the European Commissions April 2016 EU VAT Action Plan. The underlying aim of the discussed reforms is to harmonise the EU VAT regime, stimulate cross-regional trade and reduce the opportunity for …