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EU: Explanatory notes for VAT “quick fixes” regime in 2020

EU: Explanatory notes for VAT “quick fixes” regime

The European Commission today released explanatory notes on the value added tax (VAT) “quick fixes” regime that will be effective 1 January 2020.

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The VAT “quick fixes” are intended to simplify international trade and to be implemented by the EU Member States and concern the following four items:

  • Simplified treatment for call-off stock
  • Uniform rules to simplify chain transactions
  • Mandatory VAT identification number to apply the exemption for intra-Community supplies
  • Simplified proof for intra-Community supplies


Read the EC explanatory notes [PDF 1.2 MB] regarding the VAT “quick fixes.”

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