LITHUANIA VAT SCRAP METAL FRAUD EU VAT LAW DEROGATION
January 1st, 2006
BY KEITH NUTHALL
THE LITHUANIA government has formally requested permission to recoup VAT from the purchasers of waste and scrap metal, (both non-ferrous and ferrous), rather than taxing the suppliers, which is the mandatory practice under European Union (EU) law. Vilnius wants however to exploit EU directive 77/388/EEC's special rule allowing governments to request special exemptions to prevent tax evasion and avoidance: the European Commission has now asked the EU Council of Ministers to approve the change, which it is expected to do. A Commission memorandum ...
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