EU to review VAT reforms

The EU’s meeting of members’ finance ministers, ECOFIN, will convene 24 and 25 May. In addition to reviewing the next seven-year EU budget, the meeting will also review several VAT reforms. These will include:

• Proposal for an experimental anti-VAT fraud general domestic reverse charge mechanism
• Reduced VAT rates for e-books to match the rates for published books
• Administrative cooperation between tax authorities to combat VAT fraud around Eurofisc, Interpol, the European Anti-Fraud Office and Transaction Network Analysis data exchange.

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