VAT Expert Group (VEG) – September 2016 Report

The VEG submitted a report as part of the implementation of the definitive VAT system. The main subjects tackled in this report are the following:

  • The establishment of a common Certified Taxable Person (CTP) status applicable to all member States. It will be mandatory, notably in order to implement reverse charge mechanisms on “intra-community” acquisitions;
  • The broadening of the one-stop shop in order to report “intra-community” business operations;
  • The input of the deductible VAT as part of the one-stop shop;
  • A common definition of the proof of transportation;
  • The simplification of the consignment stock/deposit system;
  • The implementation of the reverse charge with a solidarity for payment regarding intragroup transactions (later stage).

Even if this report has no binding force for member States, we should as of now underline the VAT Expert Group’s aspiration. This report should be read as preliminary, namely as offering new lines of thought to member States. Many questions, unanswered for the moment, shall be tackled beforehand.

Michel Guichard

Michel Guichard, Partner, leads the Indirect Tax activity. With more than 30 years’ experience in International and French Tax law, he advises his clients on indirect tax matters. Michel is […]

Odile Courjon

Odile Courjon, Partner, has developed a strong expertise in indirect tax issues (VAT, wage taxes, excise taxes, export control and customs) in France and overseas. She advises her clients in […]

Bertrand Jeannin

Bertrand Jeannin, Partner, supplies strategic and technical advice to French and foreign multinational groups in all aspects of their VAT and customs policies. Major focuses of Bertrand’s input involve the […]

William Stemmer

William Stemmer, Partner, has more than 15 years’ experience in Indirect Tax matters. William particularly specializes in the real estate and financial sectors. William is a lecturer at the University […]