26.11.2019

The European Commission has published draft Explanatory Notes on EU VAT changes in respect of call-off stock arrangements, chain transactions and the exemption for Intra-Community supplies of goods (“2020 Quick Fixes”), which the Commission prepared for input and discussion at the upcoming VAT Expert Group meeting.

The explanatory notes set out guidance on Commission’s view as to interpretation of Council Directive (EU) No 2018/1910 amending Council Directive 2006/112/EC and Council Implementing Regulation (EU) No 2018/1912 amending Implementing Regulation (EU) No 282/2011 concerning the VAT Quick Fixes. The explanatory notes will not be legally binding on the Member States or the European Commission. Contact us for details!