VAT Committee Publishes Agenda and Working Papers of Its 125th Meeting
The VAT Committee of the European Commission held its 125th meeting on 18 November 2024. The main topics discussed included:
VAT Grouping (Article 11 of the VAT Directive)
Issues raised by the Czech Republic and Portugal regarding changes in their national legislation concerning VAT groups.
Exemptions for International Trade Transactions (Article 155 of the VAT Directive)
Issues raised by Poland concerning specific exemptions.
Special Arrangements for Second-Hand Goods (Article 318(1) of the VAT Directive)
Issues raised by Germany regarding the treatment of second-hand goods.
Implementation of Recent EU VAT Provisions
Matters concerning the implementation of recently adopted EU VAT provisions raised by the European Commission.
Recent Judgments of the Court of Justice of the European Union
Issues arising from recent judgments, including the case C-68/23 Finanzamt O (single purpose vouchers).
The working papers published cover consultations on various VAT-related matters, including:
WP 1088: Consultation of Germany on special arrangements for second-hand goods.
WP 1090: Consultation of the European Commission on electronically supplied services and VAT implications.
WP 1091: Consultation of Croatia on transactions between users of a liquefied natural gas terminal.
WP 1092: Consultation of Poland on VAT exemptions for goods and services purchased by international bodies.
WP 1093: Consultation of the European Commission on VAT rate reforms.
WP 1094: Consultation of Poland on special measures for warehousing transactions.
WP 1095: Consultation of France on VAT rules for electronic interfaces facilitating intra-Community distance sales.
WP 1096 and WP 1098: Consultation of the Czech Republic and Portugal on VAT grouping.
WP 1097: Consultation of Belgium on the treatment of Two-Way Contracts for Difference (TW CfD) for electricity.
Key takeaway
Although they may not be binding, VAT Committee working papers are often a good indication of issues and complexities surrounding VAT rules. Businesses impacted by any of the above mentioned issues are welcome to seek legal advice.
