Author (Corporate) | Council of the European Union |
---|---|
Series Title | Official Journal of the European Union |
Series Details | L259, 16.10.2018 |
Publication Date | 16/10/2018 |
Content Type | Legislation |
Summary: On 4 October 2017 the European Commission presented a proposal for a Council Regulation amending Regulation (EU) No 904/2010 on administrative co-operation and combating fraud in the field of value added tax (the VAT Administrative Cooperation Regulation). An amended version of the proposal was presented on 30 November. The Council of the European Union agreed its general approach on this proposal on 22 June 2018 and the Regulation was adopted on 2 October. Further information: The purpose of the proposed Regulation is to combat three kinds of fraud - carousel fraud, used car fraud, fraud related to customs procedures 42 and 63. Moreover, it includes the notion of certified taxable person (CTP) so as to be used in the VAT information exchange system (VIES). The amended version adds tools to tackle loopholes and fraud attempts in the context of the EU's VAT system. This proposal was adopted as part of a package of measures relating to the introduction of a definitive VAT system for intra-EU cross-border trade based on the principle of taxation in the Member State of destination of the goods. This strategy was put forward by the Action Plan on VAT. A Communication reporting on the actions taken in the framework of the Action Plan was released together with this proposal. |
|
Source Link | https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.259.01.0001.01.ENG |
Related Links |
|
Subject Categories | Taxation |
Countries / Regions | Europe |
![](https://www.europeansources.info/wp-content/uploads/esologo2.png)