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Europe Daily Bulletin No. 9484

22 August 2007
Contents Publication in full By article 12 / 18
GENERAL NEWS / (eu) eu/taxation
Commission consults on possible introduction of reverse charge mechanism for fighting VAT fraud

Brussels, 21/08/2007 (Agence Europe) - On 15 October the Commission launched a public consultation on the impact of the internal market on an EU-wide introduction of a reverse charge mechanism for fight value added tax fraud (VAT). According to this mechanism, which will only apply if a minimum tariff threshold applies, the company subject to tax and receiving goods in a transaction carried out in national territory will be subject to VAT and not the company delivering. In its consultation...

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