The European Commission has published the key decisions of its July 2021 infringements package. With respect to taxation, this includes letters of formal notice sent to Lithuania and Romania regarding VAT issues. --- Taxation: Commission takes action against LITHUANIA for failure to comply with EU rules on Value-Added Tax (VAT) The European Commission has decided to send a letter of formal notice to Lithuania for its failure to properly apply VAT rules intended to simplify life for small businesses. Under the current VAT scheme for small and medium enterprises (SMEs), small companies in Lithuania with a turnover of less than...