Market leading insight for tax experts
View online issue

ECOFIN agrees compromise on measures against EU VAT fraud

printer Mail

On 22 June 2018, the ECOFIN council agreed a compromise text on proposals for increased exchange of information and cooperation between national tax authorities and law enforcement bodies, first introduced by the Commission in November 2017.

Elements relating to ‘certified taxable persons’ and special rules for SMEs have been removed and will be taken forward separately in wider legislative proposals for the definitive VAT system.

New IT systems will be required to implement automated access to information collated by customs authorities and to share vehicle registration data, which means the new rules will not be introduced until 1 January 2020. See https://bit.ly/2yy0J6a.

Issue: 1405
Categories: News , Indirect taxes , VAT
EDITOR'S PICKstar
Top