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The VAT Expert Group of which he IVA is a member recently presented to the VAT Committee two papers on:

1. Possible VAT implications of Transfer Pricing Adjustments - VEG No 071 REV; and

2. Meaning of "financial, economic and organisational links" among VAT group members -

   VEG N° 070 REV1

The IVA contributed substantially to the preparation of both papers, copies of which are obtainable from the IVA’s Administration team.

Other issues recently discussed in the VEG include:

1. VEG N° 073: Council Directive EU 2017/2455 of 5 December 2017 amending Directive 2006/112/EC and Directive 2009/132/EC as regards certain value added tax obligations for supplies of services and distance sales of goods (VAT e-commerce Directive) – Special scheme for distance sales of goods imported from third territories or third countries (Import scheme) – Provisions with effect from 1 January 2021

2. VEG N° 074: VAT e-commerce Directive – Special arrangements for declaration and payment of import VAT – Provisions with effect from 1 January 2021

3. VEG N° 075: Implications of the CJEU judgments on cost-sharing for the financial and insurance sectors