Author (Corporate) | European Commission |
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Series Details | COM (2018) 118 |
Publication Date | 08/03/2018 |
Content Type | Policy-making, Report |
Summary: On 8 March 2018 the European Commission presented a report on on the effects of the measures provided for in Articles 199a and 199b of Directive 2006/112/EC on the common system of value added tax (the VAT Directive). Further information: Article 199a of the VAT Directive allows Member States to provide that the person liable for payment of VAT on supplies listed in this Article is the taxable person to whom the supply is made (the reverse charge mechanism). This mechanism is limited in time and may be applied until 31 December 2018. Article 199b of the VAT Directive allows Member States to designate the recipient as the person liable for payment of VAT on specific supplies of goods and services as a Quick Reaction Mechanism (QRM) measure to combat sudden and massive fraud liable to lead to considerable and irreparable financial losses. This measure shall apply until 31 December 2018. |
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Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2018:118:FIN |
Subject Categories | Taxation |
Subject Tags | Value Added Tax [VAT] |
Keywords | Quick Reaction Mechanism, Reverse Charge Mechanism |
International Organisations | European Union [EU] |
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