Brussels, 24/09/2015 (Agence Europe) - On Thursday 24 September, the European Commission decided to send a reasoned opinion to Germany, to ask it to change its VAT legislation as regards the application of the specific regime for travel agencies.
This regime allows travel agencies to set a 'price margin' as a VAT calculation base, corresponding to the difference between the total amount, net of VAT, to be paid by a traveller and the real cost borne by the agency. Under German law, the...