The directive on the simplification of value added tax (VAT) for small and medium-sized enterprises (SMEs) has been removed from the agenda of the Ecofin Council on 17 May, according to a European source. Several countries, including Germany, the Netherlands, Ireland and the United Kingdom, reportedly considered that the text was not yet ready for a ministerial discussion.
Introduced in January 2018, the Directive aims to amend the current rules in order to reduce VAT costs for SMEs (see...