The Council of EU finance ministers has issued its conclusions on the Commission’s VAT action plan published in April. The action plan covered four broad areas: urgent measures to fight VAT fraud and tackle the VAT gap; short and medium-term actions on VAT and SMEs; a definitive VAT system (single EU VAT area); and increased flexibility on reduced and zero rates. Among its conclusions, the Council asked the Commission to present an in-depth analysis at the June ECOFIN meeting, setting out options for a temporary derogation allowing member states to apply the reverse charge as a means of tackling fraud. It also invited a legislative proposal by the end of 2016 for aligning VAT rates for e-publications within a digital single market, and a proposal for reduced or zero-rating for women’s sanitary products ‘at the earliest opportunity’.
The Council of EU finance ministers has issued its conclusions on the Commission’s VAT action plan published in April. The action plan covered four broad areas: urgent measures to fight VAT fraud and tackle the VAT gap; short and medium-term actions on VAT and SMEs; a definitive VAT system (single EU VAT area); and increased flexibility on reduced and zero rates. Among its conclusions, the Council asked the Commission to present an in-depth analysis at the June ECOFIN meeting, setting out options for a temporary derogation allowing member states to apply the reverse charge as a means of tackling fraud. It also invited a legislative proposal by the end of 2016 for aligning VAT rates for e-publications within a digital single market, and a proposal for reduced or zero-rating for women’s sanitary products ‘at the earliest opportunity’.
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
