13 December 2018
News from Accountancy Europe - December 2018
Accountancy Europe published a document on the Modernising VAT
The document provides an overview of current EU initiatives in respect of VAT, for persons with a working knowledge of the European VAT system...
26 November 2018
News from Accountancy Europe - November 2018
Worth re-iterating is the Commission’s intention to publish in January - February 2019 a non-legislative initiative to identify areas on tax to move to qualified majority voting - rather than the current unanimity decision making on all tax files. Such a move is in theory permitted under the Lisbon Treaty (using the so-called “passerelle clause”), but it would require a unanimity of member states’ parliaments to pass. Needless to say, at this stage it appears unlikely...
29 October 2018
News from Accountancy Europe - October 2018
The European Commission has published latest figures (from 2016) on VAT gap in the EU in a new report. The Commission also published a helpful table summarising the VAT gap situation in the EU...
19 September 2018
News from Accountancy Europe September 2018
Luxembourg has adopted a new VAT grouping regime (article 11 of Directive 2006/112/EC refers). It replaces a previous regime which was restricted to entities only engaged in activities in the public interest...
15 August 2018
News from Accountancy Europe - August 2018
The Second Chamber of the CJEU has ruled that the VAT Directive and the principle of the neutrality of VAT must be interpreted as not precluding a body governed by public law from being entitled to a right to adjustment of VAT deductions paid on immovable property acquired as capital goods in a situation where, at the time of the acquisition of those goods...
19 July 2018
News from Accountancy Europe - July 2018
The ECON Committee has voted on its non-binding opinion on the Commission proposal for better VAT administrative cooperation, including provisions concerning the certified taxable person (CTP). The file is led by the MEP Roberts Zile (ECR/LAT)...
20 June 2018
News from Accountancy Europe June 2018
ECON hearing on VAT administrative cooperation - 16 May 2018...
08 June 2018
COUNCIL DIRECTIVE amending Directive 2006/112/EC
COUNCIL DIRECTIVE amending Directive 2006/112/EC as regards the introduction of the detailed technical measures for the operation of the definitive VAT system for the taxation of trade between Member States.
10 May 2018
News from Accountancy Europe May 2018
The European Commission has launched an updated Mini-One Stop Shop (MOSS) portal for VAT purposes. The new MOSS portal provides comprehensive and easily accessible information on VAT rates for telecom, broadcasting and eservices, and explains how the MOSS can be used to declare and pay VAT on such services...
12 April 2018
News from Accountancy Europe April 2018
The Commission has published a report looking into the effects of the reverse charge mechanism (Article 199 a. and b. of the VAT Directive) on combatting fraud and on the impacts of the mechanism more broadly...