With 605 votes in favour, 2 against and 27 abstentions, the European Parliament largely adopted the report by Markus Ferber (EPP, Germany) on extending the period of application of the optional reverse charge mechanism to supplies of certain goods and services susceptible to fraud and of the rapid reaction mechanism against VAT fraud.
Revising the common system of value added tax (VAT), this text aims to extend this mechanism, which was due to expire on Thursday 30 June 2022, until Wednesday...