Brussels, 18/11/2004 (Agence Europe) - On 16 November, the Ecofin Council adopted a regulation that will take effect on 1 January 2005, as well as a directive to intensify the fight against fraud relating to excise duties on tobacco, alcohol and energy products such as transport fuel, heating fuel and electricity. These rules mainly bring in an obligation to carry out an automatic exchange of information as soon as the risk of serious fault arises in a Member State.
The new legislation has...