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Statement on derogation for a domestic reverse charge mechanism with special emphasis on GOs

Friday, 07 September 2018

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A number of market actors, including the AIB, CEER, CEDEC, RECS International and others issued a common statement earlier this week [1]. The statement is a call to keep EU energy and emissions markets protected from VAT fraud beyond 2018. Specifically, aiming to extend the derogation for a domestic reverse charge mechanism for electricity, gas and emissions allowances in Article 199a of the VAT Directive. The reverse charge mechanisms moves the responsibility for the reporting of a VAT transaction from the seller to the buyer.

The statement outlines that missing Trader Intra-Community Value Added Tax fraud remains a persistent threat to the integrity and well-functi...

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