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EU advances VAT reform

  • Nov 9, 2016 | Richard Asquith

EU advances VAT reform

The European Council has adopted this week a range of recommendations from the European Commission on some of the reforms from the VAT Action Plan.

These include:

  1. Member states should move towards harmonization of the VAT treatment of consignment and call off stock and VAT registrations
  2. Customer EU VAT numbers should be considered as a substantive requirement to apply zero-rating on B2B intra-community supplies

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.