To protect EU energy and emissions markets from VAT fraud, 18 representative associations of the energy sector are calling on EU institutions to confirm the extension of the derogation for a domestic reverse charge mechanism for electricity, gas and emission allowances of the VAT Directive. Should the derogation not be prolonged by the Council before the end of the year, Member States will no longer be able to use the mechanism to prevent VAT fraud in these markets.
FTSE Mondo Visione Exchanges Index:
EEX: Keeping Energy And Emissions Markets Protected From VAT Fraud
Date 04/09/2018