European Union legal advisers to the Council of Ministers issued an opinion warning of potential market disruption that could follow if current plans to introduce reverse charging of value-added tax, to help counter fraud, proceed. The EU Council of Ministers’ legal service concluded that the VAT reverse-charging proposal doesn’t “contain sufficient conditions” to ensure the plan will cause only minimal disturbance to the EU single market, according to a confidential document seen May 25 by Bloomberg BNA.
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Head Office
137 W 25th St., 11th Floor
New York, NY 10001
Phone Contacts
US Contact: +1 212 464 7524
UK Contact: +44 20 3290 1836
South Africa: +27 10 141 5588