During summer 2021, the European Commission published the results of its public consultation on the VAT rules in the financial and insurance services industries, which was held from 8 February to 3 May. The publication of the results is an important step as the Commission has stated that “the answers provided will feed into the review of the relevant provisions of the VAT Directive (Council Directive 2006/112/EC) and will contribute to a possible future legislative proposal.” The numerous answers and comments that were received provide some interesting insights that are worth exploring.
Source Deloitte
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