GAS ELECTRICITY

BY ALAN OSBORNNEW rules changing the place of taxation for VAT purposes of natural gas and electricity have been proposed by the European Commission "so as to facilitate the functioning of the single market for energy." Brussels said the proposal would eliminate the current problems of double taxation and non-taxation and distortions of competition between traders by changing the place of taxation of natural gas in pipelines and of electricity from the place of supply to the place of consumption.The Commission said that under the proposed rules, where the buyer ...


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