VAT news tagged as "Supplementary reporting"

Czech Republic

Czech quick response mechanism for VAT fraud and new supplementary reporting

November 17th, 2014

The parliament has ratified a range of Czech VAT measures. These include: Quick response mechanism VAT The introduction of the EU’s Quick Response Mechanism for the prevention of VAT fraud in sectors susceptible to missing trader fraud. This enables member states to apply the domestic reverse charge on sales of certain goods subject to only …