European Commission publishes explanatory notes on VAT ‘2020 Quick Fixes’

Jan 13, 2020

The Explanatory Notes relate to VAT ‘2020 Quick Fixes’ which entered into force on 1 January 2020 and include call-off stock arrangements; chain transactions; the exemption for intra-community supplies of goods and the proof of transport for the purposes of the exemption. The guidelines aim to provide practical and informal guidance and are not legally binding. Read the Commission’s update.