The EU Council issues its VAT priorities for 2018
Date07 Feb 2018/
The Presidency of the Council of the EU, which is held in Bulgaria for the first half of 2018, has issued its priorities for indirect tax.
These comprise of:
- Implementing the Norwegian agreement on administrative co-operation on VAT;
- Approving a long-term minimum standard VAT rate for all Member States;
- Settlement on the four simplifications for cross-border supplies of goods, and the establishing the Certified Taxable Person process;
- Developing proposals for reduced foreign VAT compliance requirements for SME’s.
- Ongoing debate on freeing of control on setting reduced VAT rates by Member States;
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