EU ROUND UP
October 1st, 2003
BY KEITH NUTHALLEUROPEAN Union (EU) energy ministers have agreed new rules for applying value added tax to cross-border gas supplies that will reduce confusion created by increasing cross-border trading in energy supplies. Now, traders re-selling supplies who are not established in the same country as the supplier will pay VAT through an obligatory reverse charge system. "Gas traders will not have to register for VAT purposes in other Member States," the European Commission said.Other EU news:*A request by the Commission for tough powers to order the distribution ...
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