It came as no major surprise that the European finance ministers, meeting for their Council in Luxembourg on Friday 22 June, failed to reach an agreement on the infamous four 'quick fixes' proposed pending the replacement of the current 'temporary' VAT regime with a definitive system (see EUROPE 11874).
Readers may recall that it was the addition of a fifth solution, following several judgements of the Court of Justice of the EU (see EUROPE 11867), that split the member states, specifically:...