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