Blog

12
feb

EU published Regulation concerning administrative cooperation and combating fraud in the field of VAT

Official Journal of the European Union L 29 of 1 February 2012

The Regulation, which will enter into force on 21 February 2012, provides for automatic exchange of information with respect to non-established traders and new means of transport.
The information on non-established traders includes:
• Particular information on the allocation of VAT identification numbers to taxable persons established in another Member State;
• Information on VAT refunds to taxable persons not established in the Member State of refund but established in another Member State.
The information on new means of transport includes:
• Information on exempt supplies of new means of transport by persons regarded as taxable persons who are identified for VAT purposes;
• Information on exempt supplies of new vessels, aircraft and motorized land vehicles, by taxable persons identified for VAT purposes, other than those referred to in the first indent, to persons not identified for VAT purposes.
source:tmagazine.ey.com