Brussels, 27/01/2011 (Agence Europe) - On Thursday 27 January, the European Commission decided to refer Spain, Finland, France, Greece, Italy, Poland, Portugal and the Czech Republic to the Court of Justice, as these countries have been incorrectly applying the “special margin scheme” provided for under the VAT directive to travel agents, which has distorted competition between these agencies.
This “special margin scheme” aims to simplify the application of VAT for elements of...