At a meeting of the Council of the EU (ECOFIN) in Luxembourg last week, agreement was reached on a number of issues in relation to the day-to-day running of an EU VAT system. In particular, the Council reached political agreement on the proposal to allow Member states facing endemic carousel fraud to apply a generalised reversal of payment of VAT liability from supplier to customer. The reverse charge may only be used by a Member state which meets certain eligibility criteria and has been authorised by the Council to use the reverse charge mechanism.
‘ECOFIN Approves VAT Reverse Charge’
Oct 29, 2018 | NOTICIAS Y EVENTOS