EU Regulation clarifying VAT Directive (in force as from July 2011)

Next July 1, 2011 will come into force in all EU Member States the Regulation (EU) No 282/2011 adopted by the European Council in order to clarify certain aspects of the EU VAT Directive (2006/112/EC).

As it is established in the document, “The objective of this Regulation is to ensure uniform application of the current VAT system by laying down rules implementing Directive 2006/112/EC”. In particular, as regards:

– Taxable persons

– The supply of goods and services

– And, consequently, the place of taxation.

The Regulation is designed to bring uniform treatment throughout the EU to specific VAT treatments, reason why these provisions are not conclusive for other cases and should be applied restrictively.

In following articles we will try to explain which are the main “clarifications” introduced by this Regulation that will be applicable as from 1 July 2011.

Finally, it should be recall that EU Regulations are binding and directly applicable in all Member States.

– Taxable persons

– The supply of goods and services

– And, consequently, the place of taxation.

The Regulation is designed to bring uniform treatment throughout the EU to specific VAT treatments, reason why these provisions are not conclusive for other cases and should be applied restrictively.

In following articles we will try to explain which are the main “clarifications” introduced by this Regulation that will be applicable as from 1 July 2011.

Finally, it should be recall that EU Regulations are binding and directly applicable in all Member States.

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