Implementation of the VAT Rates Directive for Online Events and Margin Scheme for Antiques, Art, and Collectibles Approved by the Council of Ministers.

Background

On 6 April 2022, the “VAT Rates Directive” (2022/542/EC) entered into force. This directive has made changes to the VAT Directive 112/2006/EC and gives EU member states more flexibility in setting reduced and zero VAT rates.

Coming into force

The changes will enter into force on 1 January 2025. The preliminary draft has currently been submitted to the Council of State for advice.

Source: VAT Consult