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Image header Agence Europe
Europe Daily Bulletin No. 9408
Contents Publication in full By article 26 / 33
GENERAL NEWS / (eu) eu/taxation

United Kingdom to apply VAT reverse charge mechanism, with conditions - debate over fight against fiscal fraud

Brussels, 17/04/2007 (Agence Europe) - After the political agreement reached last month (see EUROPE 9393), a decision was unanimously adopted by the Council on Monday 16 April, authorising the United Kingdom to apply the reverse charge mechanism for value added tax (VAT) on certain electronic products. With this mechanism, the customer is liable to VAT rather than the supplier. The measure will apply until 31 March 2009 to mobile phones, integrated computer circuits and the delivery of goods...

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