- The European Commission proposed extending the optional VAT reverse charge mechanism (RCM) until June 30, 2030, allowing EU member states to make the customer liable for VAT on specified fraud-prone goods and services.
- The proposal would also extend the Quick Reaction Mechanism (QRM) until June 30, 2030, enabling member states to quickly introduce temporary reverse charge rules in response to sudden, large-scale VAT fraud.
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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