On 25 May 2018, the European Commission announced proposed technical amendments to EU rules on value added tax (VAT) that supplement the proposed overhaul of the system to make it more fraud-resilient ({News-2017-10-05/P/2-previous coverage}). Main points as provided in the announcement are as follows.
Simplifying how goods are taxed
In the current VAT system, trade in goods between businesses is split into two transactions: a VAT-exempt sale in the Member State of origin and a taxed acqu…