During summer 2021, the European Commission published the results of its public consultation on the VAT rules in the financial and insurance services industries, which was held from 8 February to 3 May. The publication of the results is an important step as the Commission has stated that “the answers provided will feed into the review of the relevant provisions of the VAT Directive (Council Directive 2006/112/EC) and will contribute to a possible future legislative proposal.” The numerous answers and comments that were received provide some interesting insights that are worth exploring.
Source Deloitte
Latest Posts in "European Union"
- EU Parliament and Council Agree on Ambitious EU Customs Reform, Establishing New Authority and Data Hub
- CJEU: Businesses Entitled to VAT Refund When Incorrectly Charged and Invoice Correction Is Impossible
- EU VAT-Exempt Exports: Key Requirements, Risks, and Best Practices for Compliance
- Preliminary Questions on VAT Transfer of Business Assets in Real Estate Transactions in the Netherlands
- Answers to Parliamentary Questions on Revision of Regulation 904/2010: EOM and OLAF Access to VAT Data
