In a letter dated 11 July – of which EUROPE has had sight – the European Commissioner for Taxation, Pierre Moscovici, notified the chair of the committee on economic and monetary affairs (ECON) of the European Parliament that the Commission may withdraw the legislative proposal providing to set in place four quick fixes pending a definitive replacement for the current 'temporary' VAT system (see EUROPE 11874).
The purpose of this letter is to add a fifth solution as called for by France,...