16/03/2011 (Agence Europe) - VAT Directive. During the Ecofin Council on 15 March, ministers adopted without debate Regulation 553/11 for implementation of the VAT directive (2006/112/EC) towards taxable subjects, the provision of goods and services and the place of taxation of taxable operations. The regulation, which is a recasting of Regulation 1777/2005, will clarify certain aspects of the VAT directive after the 2006 recasting, in order to ensure better compliance with the internal...