The EU VAT system – the importance of the “Quick fixes”, simplifications in force as from 1 January 2020
DOI:
https://doi.org/10.18778/1509-877X.2018.03.04Keywords:
“Quick fixes”, an intra-community supply of goods, an intra-community acquisition of goods, a vat identification number, chain transactions, a call-off stock, a proof of an intra-community transport, an exemption of intra-community supplies, an intermediary operator, GFV – the group on the future of vat, VEG– the vat expert groupAbstract
The Article explains in detail how to understand four simplification measures to the current EU VAT system, referred to as “Quick fixes”. They were adopted by the Council on 4 December 2018 and are included in the Council Directive (EU) 2018/1910, the Council Implementing Regulation (EU) 2018/1912 and the Council Regulation (EU) 2018/1909.
The adopted solutions cover:
1) the clarification of the material status of the VAT number of the customer in the context of an exempt intra-Community supply;
2) the proof of transport in the context of an exempt intra-Community supply;
3) the chain transactions;
4) the call-off stock arrangements.
The Article also provides a short introduction on the way that led to the adoption of these four measures.
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References
Council conclusions of 8 November 2016 on Improvements to the current EU VAT rules for cross-border transactions (Doc. 14257/16 FISC 190 ECOFIN 1023).
Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (OJ L 347, 11.12.2006, p. 1).
Council Directive (EU) 2018/1910 of 4 December 2018 amending Directive 2006/112/EC (OJ L 311, 7.12.2018, p. 3).
Council Implementing Regulation (EU) 2018/1912 of 4 December 2018 amending.
Council Regulation (EU) 2018/1909 of 4 December 2018 amending Regulation (EU) No 904/2010 (OJ L 311, 7.12.2018, p. 1).
GFV NO 39 (and annex) – Option 1B – Sub-Group report – Consignment stock, https://ec.europa.eu/taxation_customs/business/vat/informal-commission-expert-group-discussions-with-member-states_en (accessed: 12.03.2020).
GFV NO 40 – Option 1B – Sub-Group report – Chain transactions.
GFV NO 41 – Option 1B – Sub-Group report – Proof of intra-EU supplies.
Implementing Regulation (EU) No 282/2011 (OJ L 311, 7.12.2018, p. 10).
VEG NO 026 – Option 1B – Sub-Group – Overview of the outcome, https://ec.europa.eu/taxation_customs/business/vat/vat-expert-group_en (accessed: 12.03.2020).
VEG NO 027 – Option 1B – Sub-Group report – Proof of intra-EU supplies – report.
VEG NO 028 – Option 1B – Sub-Group report – Consignment stock.
VEG NO 029 – Option 1B – Sub-Group report – Chain transactions – report.
VEG NO 042, 046, 051 (annexes 1 and 4) Sub-group on the topics for discussion – Proof of Evidence of intra-EU Supplies.
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