Intra-EC acquisition of goods for use by MS armed forces

The definition of 'intra-community acquisition' has been revised by LN 140 of 2022 to include the application by the armed forces of a Member State taking part in a defence effort carried out for the implementation of a European Union activity under the common security and...

Repayments under the COVID Tax Deferral Scheme – MFE Press Release

The Ministry for Finance and Employment has released a Press Release in relation to the repayment of taxes that were eligible under the Tax Deferral Scheme launched in March 2020 (See MIT News 20 March 2020). It has been announced that beneficiaries under the scheme will...

Commission recommendations to improve VAT revenue collection

The European Commission has published its Screening and Diagnostic Report of Value-Added Tax (VAT) Administration in the EU containing a series of recommendations to help Member States improve their VAT revenue collection, control procedures and processes.   source: ec.europa.eu...

Central Electronic System of Payment Information (CESOP)

With effect from 1 January 2024 payment service providers who are established or provide payment services in the European Union are to keep certain records of cross-border payments originating from payers within Member States and certain information of the payees, and transmit those records to...

VAT Rates Directive published

COUNCIL DIRECTIVE (EU) 2022/542 of 5 April 2022 amending Directives 2006/112/EC and 2020/285 as regards rates of value added tax has been published. The Directive, which reflects the rules agreed to in December 2021, introduces amendments to the VAT Directive and the Directive relating to the special scheme for small...

Council adopts conclusions on VAT e-commerce package

The EU Council has welcomed the preliminary results presented by the Commission of the successful application of the new EU VAT rules for e-commerce, and the Commission’s intentions to propose further simplification in the EU cross-border trade, reduction of administrative burdens for businesses as well...

})(jQuery)