Extension of VAT Reverse Charge Mechanisms to Combat Fraud

by name voted on 03.05.2022

Summary

The proposal extends the use of special VAT anti-fraud mechanisms, including the optional reverse charge mechanism, until December 31, 2025.

9 03.05.2022

Other

economy

taxation

european union

business and competition

public finance and budget policy

Key points

In force from 01/07/2022 Out of force from 31/12/2025

Extension of specialized VAT anti-fraud mechanisms to protect tax revenues.
Use of an optional mechanism for goods and services prone to fraud.
Implementation of a rapid response tool for urgent, unforeseen fraud cases.
The extension period is set to last until the end of 2025.

Vote

PPE

S&D

Renew

Verts/ALE

ID

ECR

NI

The Left

Total

Documents (PDFs)

REPORT on the proposal for a Council directive amending Directive 2006/112/EC as regards the extension of the application period 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 Common system of value added tax (VAT): extension of the application period 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 *

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