Member States are expected to reach political agreement (‘general approach’) at the Economic and Financial Affairs Council (Ecofin) on 8 November on the proposals for a Regulation and Directive presented by the Commission in December 2018 to better combat VAT fraud in the e-commerce sector (see EUROPE B12158A29).
The proposed new rules establish quarterly information exchange requirements for payment service providers that will allow the ‘Eurofisc’ network to exchange and analyse...