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EU adopts VAT action plan

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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’.

Issue: 1311
Categories: News