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Category: EU

EU Parliament backs harmonised e-invoicing and definitive VAT system

EU Parliament backs harmonised e-invoicing and definitive VAT system

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Anti-VAT fraud initiatives get Parliament vote The European Parliament voted on 16 February 2022 in favour of harmonising pan-EU e-invoicing and supporting the adoption of the definitive VAT system reform to: facilitate cross-border interoperability; ensure legal compliance; increase transparency in commercial transactions; and limit fraud

VAT cuts to help with electricity and food prices during fuel and inflation crisis

VAT cuts to help with electricity and food prices during fuel and inflation crisis

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Tax subsidies for domestic power and foodstuffs as inflation hits new highs A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy. Energy price rises in January 2022 were the biggest contributor to the rise in Eurozone inflation

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