Luxembourg, 08/10/2003 (Agence Europe) - The Council has formally adopted the directive on the taxation of gas and electricity. Adapting the VAT regime to the liberalisation of the energy market, the directive provides for VAT to be paid in the State of supply or consumption. If the buyer is not established in the same State as the supplier, the former will not need to register for VAT, due to an obligatory reverse charge system. Costs for access and use of distribution networks will also be...