EU DIRECTIVE FOR VAT GENERALISED REVERSE CHARGE MECHANISM

On 7th January, Tax News reported that EU legislation providing for the introduction of the “generalised reverse charge mechanism,” to enable Member States to better counter VAT fraud, has been published in the Official Gazette and will become effective from January 16th.  It will allow Member States that are most severely affected by VAT fraud to temporarily apply a generalised reversal of VAT liability.

https://www.tax-news.com/news/EU_Gazettes_Directive_For_Generalised_Reverse_Charge_Mechanism____96994.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s