- The European Commission proposed extending Northern Ireland’s authorization to use a special flat-rate VAT method for non-deductible VAT on fuel used in company cars.
- The simplified optional regime would continue through Dec. 31, 2029, instead of ending Dec. 31, 2026.
- The measure is a derogation from EU VAT Directive 2006/112/EC and applies to determining VAT on fuel for occasional private use of business vehicles.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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