Summary
The proposal seeks to extend temporary measures used to combat VAT fraud, specifically the optional reverse charge mechanism and the Quick Reaction Mechanism, until June 2022. 10 12.11.2018
Other
economy
taxation
public finance and budget policy
Key points
- The proposal aims to extend existing measures used to combat VAT fraud within the European Union.
- It prolongs the option for Member States to use a reverse charge mechanism for specific goods and services that are highly susceptible to fraud.
- It maintains the Quick Reaction Mechanism, which provides a fast-track way to tackle sudden and massive fraud cases.
- These measures are proposed to be extended until June 30, 2022, to bridge the gap until a permanent regime for business-to-business supplies is introduced.
Documents (PDFs)
REPORT on the proposal for a Council directive amending Directive 2006/112/EC on the common system of value added tax as regards the period of application of the optional reverse charge mechanism in relation to supplies of certain goods and services susceptible to fraud and of the Quick Reaction Mechanism against VAT fraud
VAT: period of application of the reverse charge mechanism and of the Quick Reaction Mechanism *
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