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Image header Agence Europe
Europe Daily Bulletin No. 12277
Contents Publication in full By article 21 / 30
ECONOMY - FINANCE - BUSINESS / Taxation

Commission opposes application of reverse charge mechanism for VAT on petroleum products by Lithuania

The European Commission on Monday 17, opposed a request for a derogation submitted by Lithuania, which would allow it to apply the reverse charge mechanism in the sector of petroleum products and additives.

In a communication to the EU Council, it states that such a derogation could have adverse impacts on fraud at the retail level and on other Member States.

Lithuania requested, under Article 395 of the VAT Directive, that the EU Council, acting upon a proposal from the Commission,...

Contents

SECTORAL POLICIES
FISHERIES: EU fisheries ministers reach a common position on EMFF 2021-2027
FISHERIES: Commission must adopt emergency measures to save Eastern Baltic cod
AGRICULTURE: EU ministers still have work to do on post-2020 CAP
ENERGY/CLIMATE: draft national plans will not allow EU to meet its 2030 energy efficiency and renewable energy targets
ENERGY/CLIMATE: Europe's energy system will have to adapt to impacts of climate change, warns EEA
EXTERNAL ACTION
WESTERN BALKANS: EU Council postpones its decision on opening of EU accession negotiations with Skopje and Tirana until October
TURKEY: drilling in exclusive economic zone of Cyprus, EU Council calls for measures against Ankara
MIDDLE EAST: no blank endorsement by Ms Mogherini and Mr Safadi for US plan
JORDAN: Amman to participate in EU crisis management operations
SWITZERLAND: Commission refuses to extend equivalence for Swiss stock exchange at present
WTO: Beijing does not wish to conclude its dispute against previous EU anti-dumping methodology
INSTITUTIONAL
BUDGET: Finnish EU Council Presidency to aim for agreement on multiannual financial framework 2021-2027 by end of 2019
RENEW EUROPE: Daçian Ciolos well placed to chair liberal group in European Parliament
S&D: Iratxe García Pérez, who has just been elected, shows her support for Frans Timmermans to chair Commission
COMMISSION: Mr Juncker announces a legislative proposal to not replace departing Commissioners
CATALONIA: nearly 80 MEPs are asking European Parliament to accredit Messrs Puigdemont, Comin and Junqueras
BREXIT: European Medicines Agency is having difficulty continuing its activities
COURT OF JUSTICE OF THE EU
TRANSPORT: German vignette for use of federal roads by private motor vehicles is incompatible EU law
BANKS: Crédit Mutuel Arkéa's appeals must be dismissed, according to Advocate General
ECONOMY - FINANCE - BUSINESS
FINANCE: commission and Expert Group unveil a series of recommendations on sustainable finance
TAXATION: Commission opposes application of reverse charge mechanism for VAT on petroleum products by Lithuania
ECB: “all the flexibility” of monetary institute's mandate will be used to achieve inflation target, Mr Draghi promises
SOCIAL AFFAIRS
SOCIAL: Mr Moscovici considers that much more needs to be done on euro area budget
NEWS BRIEFS
FINANCE: Facebook officially announces launch of Libra, its cryptocurrency, in 2020
ID: ex-FPÖ leader Heinz-Christian Strache resigns his seat in European Parliament
JUSTICE: EU Council approves issue of emergency documents for Europeans abroad who have lost their identity and travel documents
PARLIAMENT: General Court dismisses Mr Czarnecki's action against European Parliament
SOCIAL: one in four MEPs is committed to working on LGBTI equality in new European Parliament, according to ILGA-EUROPE
VENEZUELA: EU is always ready to take 'all appropriate measures' in response to the crisis in the country
VIETNAM: EU Council is expected to give green light to EU/Vietnam trade agreements on 25 June