Speed Read: The vast majority of Member States have now made the mandatory changes to implement the new VAT package rules. However the EU Commission has identified problematic areas where further guidance is necessary which is due to be provided in the form of Regulations to standardise the way in which certain aspects of the VAT Package should be interpreted and implemented in practice. Further changes are planned which will take effect from 2011 2013 and 2015. Other changes taking place at an EU level include challenges to certain VAT grouping rules and changes to the Italian VAT treatment of sales by non-resident entities.
The VAT Package was implemented in the EU with effect from 1 January 2010 and has fundamentally altered the VAT rules relating...
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Speed Read: The vast majority of Member States have now made the mandatory changes to implement the new VAT package rules. However the EU Commission has identified problematic areas where further guidance is necessary which is due to be provided in the form of Regulations to standardise the way in which certain aspects of the VAT Package should be interpreted and implemented in practice. Further changes are planned which will take effect from 2011 2013 and 2015. Other changes taking place at an EU level include challenges to certain VAT grouping rules and changes to the Italian VAT treatment of sales by non-resident entities.
The VAT Package was implemented in the EU with effect from 1 January 2010 and has fundamentally altered the VAT rules relating...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
