On 13 July 2015, the European Commission released a study conducted on the implementation of the destination principle to intra-EU B2B supplies of goods for value added tax (VAT) purposes, including five policy options to resolve issues in the current VAT system. The two main issues include:
- The additional obligations and costs associated with VAT compliance for businesses engaging in cross-border trade; and
- The existing levels of VAT fraud within the EU through fraudulent transactions such…