Author (Corporate) | Council of the European Union |
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Series Title | Official Journal of the European Union |
Series Details | L 244, Pages 1-2 |
Publication Date | 29/07/2020 |
Content Type | Legislation |
Summary: Regulation (EU) 2020/1108 adopted by the Council of the European Union on 20 July 2020, introducing a number of amendments on Regulation (EU) 2017/2454 concerning special schemes in the framework of Value Added Tax (VAT). Further information: Council Regulation (EU) No 904/2010 lays down rules on the exchange and storage of information by Member States of the European Union in order to establish the special schemes provided for by Council Directive 2006/112/EC. Council Regulation (EU) 2017/2454 amends those provisions to extend the scope of those special schemes and introduce a new scheme. Those amendments were to be applied from 1 January 2021. The COVID-19 (coronavirus) pandemic became a worldwide health emergency which altered the priorities of all EU Member States. As a result of the crisis, several Member States encountered difficulties in finalising the development of IT systems necessary for the application of Regulation (EU) 2017/2454 as of 1 January 2021. Some countries therefore requested the postponement of the dates of application. This Regulation introduces a postponement of six months, as the delay should be kept as short of possible in order to minimise additional budgetary losses for Member States. |
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Source Link | http://data.europa.eu/eli/reg/2020/1108/oj |
Subject Categories | Taxation |
Subject Tags | Value Added Tax [VAT] |
Keywords | COVID-19 (Coronavirus) |
International Organisations | European Union [EU] |
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