As part of its efforts to simplify the EU VAT rules the European Commission has launched an initiative to revise the EU VAT rules for financial services and insurance (FSI). These rules are criticized for being complex, difficult to apply and not having kept pace with the development of new (digital) services. In newly published meeting notes of the Group of the Future of VAT it has been confirmed that the FSI VAT revision is unlikely to arrive before 2023.
Source Deloitte
Latest Posts in "European Union"
- EU Court: Post-Assignment Credit Management Services Are VAT Taxable
- Shadow Economy and Governance Effects on EU VAT Compliance Gaps, 2013–2023
- EPPO Charges Six Over €17.4 Million Czech VAT Fraud Scheme
- €17.4m VAT Fraud Linked to China Imports Uncovered in Czechia
- EU Guidance Clarifies VAT and Customs Status of Pleasure Boats and Aircraft
