The rules were introduced by the Directive on VAT Invoicing (2010/45/EU) with the objective of simplifying VAT invoicing for businesses by removing some of the barriers and burdens in the existing system.
The Directive on Administrative Cooperation 2011/16/EU will come into effect from 1 January 2013. Its aim is to strengthen Member State powers to assess and collect taxes by facilitating better information exchange between tax authorities in different Member States.
The final TAXtv episode of 2012 covers some of the biggest issues likely to be faced in 2013. Tim and Giles discuss the most recent changes to child benefit, the restriction of unrestricted losses and some good news on Real Time Information. The case review section includes the long awaited verdict in the Rangers EBT case and the latest stage of the Total People case.