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
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