The Council adopted conclusions on improvements to VAT rules for cross-border transactions.
The conclusions come in response to certain issues raised in an April 2016 Commission action plan.
They relate in particular to:
- the VAT identification number as an additional condition for application of an exemption in respect of an intra-EU supply;
- in order to better tackle VAT fraud, improving the quality and reliability of data used in the EU's VAT information exchange system;
- determining the VAT treatment of the transaction chain, including 'triangular transactions' (where goods are shipped from a member state other than that of the supplier and the customer);
- simplifying rules for call-off stock (where goods are sent to a customer's storage facility in another member state);
- work concerning the exemption from VAT of intra-EU supplies.
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