11 May 2022
The European Parliament has published the Legislative Resolution of 3 May 2022, which approves the European Commission's proposal for a Council Directive amending Directive 2006/112/EC as regards the extension of the application period of the optional reverse charge mechanism in relation to supplies of certain goods and services susceptible to fraud and of the Quick Reaction Mechanism against VAT fraud. In particular, the proposal prolongs:
The optional reverse charge mechanism is used to address "carousel" or "missing trader fraud". The QRM allows Member States to quickly introduce a temporary reverse charge mechanism for supplies of goods and services in sectors where sudden and massive fraud occurred, and which are not listed in Article 199a of the VAT Directive. The application period of both Articles 199a and 199b is currently scheduled to expire on 30 June 2022.
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