Brussels, 23/01/2004 (Agence Europe) - Tuesday's Ecofin Council adopted without debate the directive modifying directive 77/388/EEC on the common value added tax system as regards the procedure for the adoption of exceptional measures and the allocation of executive competency. This directive provides for a procedure under which the Council may allow a Member State to apply specific measures derogating from normal VAT rules. It contains simplification measures, or measures to avoid certain...