The EU VAT Committee met on November 18, 2024.
Minutes of the meeting
- Meeting Overview and Agenda: The 125th VAT Committee meeting, held via videoconference on November 18, 2024, addressed various VAT-related topics. The Chair emphasized the importance of timely submission of agenda items by Member States and announced that the next meeting would likely be held in March 2025 as a physical meeting.
- Updates on VAT Initiatives: The Chair provided updates on several initiatives, including the successful implementation of the Single VAT Registration (SVR) and Import One Stop Shop (IOSS) discussed at a Fiscalis seminar, ongoing work on the SME scheme with new explanatory notes and a web portal, and the publication of e-commerce statistics showing significant VAT declarations through OSS schemes.
- Consultations and Discussions: The Committee discussed several consultations from Member States:
- Portugal’s introduction of a VAT grouping scheme.
- The Czech Republic’s changes to its VAT grouping legislation.
- Poland’s extension of VAT warehousing arrangements.
- Germany’s adjustment to the global margin scheme for second-hand goods.
- Key Issues and Clarifications: The Committee addressed various issues, including:
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- The VAT treatment of transactions between users of an LNG terminal in Croatia.
- The VAT implications of Two-Way Contracts for Difference (CfD) for electricity in Belgium.
- The application of VAT rules to electronic interfaces facilitating intra-Community distance sales of goods raised by France.
- Future Work and Guidelines: The Committee emphasized the need for common guidelines and further discussions on several topics, including the place-of-supply rules for virtual events and activities, the treatment of single-purpose vouchers (SPVs), and the VAT exemption for goods and services purchased by international bodies. Delegations were invited to provide further comments to aid in drafting guidelines or explanatory notes.
Source WP 1099 – Minutes 125th VAT COM meeting – 18-11-2024
Agenda & Working Papers
- Agenda REV 125th VAT COM meeting 18-11-2024
- WP 1098 – Czech consultation on VAT grouping
- WP 1097 – Belgian question on Two-Way Contracts for Difference
- WP 1096 – Portuguese consultation on VAT grouping
- WP 1095 – French question on distance sales of goods
- WP 1094 – Polish consultation on warehousing
- WP 1093 – Commission – New legislation – Rates reform
- WP 1092 – Polish question on the concept of official use
- WP 1091 – Croatian question on LNG terminals
- WP 1090 – Commission question on the sales of skins in the secondary market
- WP 1089 REV – Commission – Case C-68-23 Finanzamt O – Vouchers
- WP 1088 – German consultation on the use of global margin for second-hand goods
- Info paper – Commission – Recent judgments of the CJEU
Source 125th MEETING 18-11-2024
