EU PUSHES AHEAD WITH ANTI-FRAUD REFORMS AS NEW BRUSSELS TEAM BEDS IN
November 1st, 2014
THE EUROPEAN Commission has proposed changing the basis of intra-European Union (EU) VAT arrangements. It wants to shift away from the current system where VAT is charged in the country of supply, which Brussels regards as vulnerable to fraud. Instead, a consultation paper suggests charging VAT in the destination country of an intra-EU trade. The paper offers options of achieving this, including charging at the rate of where the goods or services are delivered; where the customer is based; and that customers be responsible rather than the supplier for levying and ...
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