On Friday 25 May, the European Commission proposed detailed technical amendments to the EU rules on value-added tax (VAT). The aim is to make the system more resilient to fraud.
Around 200 of the 408 articles that make up the VAT directive will need to be modified so that businesses and national budgets can benefit from the following advantages: - simplification of the way in which goods are taxed (single taxable transaction, guaranteeing the taxation of goods in the member state in which...