On 13 July 2015, the European Commission released a study conducted on the implementation of the destination principle to intra-EU B2B supplies of goods for value added tax (VAT) purposes, including five policy options to resolve issues in the current VAT system. The two main issues include: The additional obligations and costs associated with VAT compliance for businesses engaging in cross-border trade; and The existing levels of VAT fraud within the EU through fraudulent transactions such as MTIC (‘Missing Trader Intra-Community’) fraud (also known as carousel fraud). The five policy options are designed to enable the implementation of a destination...