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Image header Agence Europe
Europe Daily Bulletin No. 11694
Contents Publication in full By article 28 / 30
NEWS BRIEFS / Taxation

Commission proposes criteria for application of generalised reverse-charge mechanism for VAT

21/12/2016 (Agence Europe)On Wednesday 21 December, the European Commission published its legislative proposal establishing criteria to allow member states to apply a generalised reverse-charge mechanism for value-added tax (VAT), if they so choose. As we reported, the derogation would be authorised for member states with a VAT gap representing five percentage points more than the median European VAT gap. A second criterion set in place by the Commission is that the level of so-called 'carousel' fraud must represent at least 25% of the VAT gap. Finally, the country must establish that conventional measures are insufficient to tackle this type of fraud (See EUROPE 11692). (EL)

Contents

INSTITUTIONAL
SECTORAL POLICIES
COURT OF JUSTICE OF THE EU
EXTERNAL ACTION
NEWS BRIEFS