European Parliament Endorses Proposal of VAT Reverse Charge Mechanism to Combat EU Intra-Community Fraud

The European Parliament May 3 passed Legislative Resolution No. P9_TA(2022)0131, endorsing an EU Council Directive to extend the VAT reverse charge mechanism to combat EU intra-community fraud. The resolution includes: 1) the extension of the application period of the optional VAT reverse charge mechanism in relation to supplies of specific goods and services susceptible to fraud; and 2) the use of the Quick Reaction Mechanism (QRM) against VAT fraud. [European Union, Parliament, 05/03/22]

Reference:
View Announcement. View Index. View Text of Legislative Resolution No. P9_TA(2022)0131.