Fabian Demicoli

VAT – Directive on reverse charge mechanisms

 The Commission adopted on 29th September, a Directive for an optional and temporary application of the reverse charge mechanism to supplies of certain goods and services, aiming to fight carousel fraud in a consistent manner across the European Union.

Carousel fraud is traditionally organised with small goods of high value. Recently, several Member States reported cases of carousel fraud on greenhouse gas emission allowances.

 

 

The Directive will allow the application of a reverse charge mechanism on the supply of five categories of particularly fraud sensitive goods and services, namely: computer chips, mobile phones, precious metals, perfumes and greenhouse gas emission allowances.

This can be done until 31st December 2014, for a minimum period of 2 years, to three categories of the list, of which a minimum of two must be for categories of goods.

For a copy of the Directive you can contact Abigail Mamo @ GRTU

 

What we can do for you

INFORMATION POINT

BUSINESS SERVICES

MEMBERSHIP BENEFITS

LOCAL ISSUES & LEGISLATION

B2B NETWORKING EVENTS

LEGAL ADVICE

FUNDING ASSISTANCE

COURSES

BECOME A MEMBER

The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.

A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).