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Europe Daily Bulletin No. 9236

20 July 2006
Contents Publication in full By article 19 / 38
GENERAL NEWS / (eu) eu/taxation
Commission refutes German and Austrian requests to apply generalised VAT reverse charge mechanism

Brussels, 19/07/2006 (Agence Europe) - On Wednesday the European Commission rejected requests by Germany and Austria to apply a generalised reverse charge mechanism. The two countries' requests were underpinned by a desire to tackle fraud and the phenomenon of businesses disappearing without paying their VAT liabilities. The “reverse charge” mechanism allows the supplier of goods or services to not charge VAT to his customer. This means that the supplier does not pay the VAT to the...

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