The EU Council issues its VAT priorities for 2018

The Presidency of the Council of the EU, which is held in Bulgaria for the first half of 2018, has issued its priorities for indirect tax.

These comprise of:

• Implementing the Norwegian agreement on administrative co-operation on VAT;
• Approving a long-term minimum standard VAT rate for all Member States;
• Settlement on the four simplifications for cross-border supplies of goods, and the establishing the Certified Taxable Person process;
• Developing proposals for reduced foreign VAT compliance requirements for SME’s.
• Ongoing debate on freeing of control on setting reduced VAT rates by Member States;

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