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European Commission Issues Press Release to Mark 'Countdown to Simpler and Fairer VAT system'

|Approved Changes|European Union
European Union

On 1 July 2014, the European Commission issued a press release marking the beginning of the 6 month countdown to the implementation of the new rules on the place of supply for telecommunications, broadcasting and electronic services and the launch of the Mini One Stop Shop.

Under the new rules, which apply from 1 January 2015, VAT will be charged based on the rates of the EU Member State wher…

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