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Four ‘Quick Fixes’ for VAT

The new rules came into effect in the EU on 1st January 2020

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The EU Four VAT ‘Quick Fixes’ came into effect on January 1 2020, promising seismic change for cross-border trade throughout Europe. They’re designed to provide short-term solutions to a number of problems that exist under the current rules for intra-EU transactions. The rules are the first step in a series of reforms which will see moves towards greater harmonisation and streamlining of the EU’s VAT system.

The new rules impact:

  • Call-off stock
  • Chain transactions
  • Use of VAT numbers
  • Evidence to support intracommunity supplies

Need more information on the Quick Fixes in 2020? Contact our VAT experts.