At the Ecofin Council on Friday 16 June, European finance ministers discussed the initiative on value added tax (VAT) in the digital age. There is consensus on the text in principle, but certain details, such as the implementation date and the deemed supplier mechanism, are open to debate.
As the European Commissioner for Economic Affairs, Paolo Gentiloni, pointed out, this proposal has the “double objective of both combating VAT fraud and reducing administrative burden” (see EUROPE...