Taxation and Customs Union

Commission proposes to amend VAT rules to accommodate trade with Northern Ireland after the transition period

The European Commission has today proposed changes to the EU’s VAT (value added tax) rules, in preparation for the end of the transition period with the United Kingdom. Today’s amendment to the VAT Directive introduces a special identification number for businesses in Northern Ireland, so that EU VAT provisions can be properly applied to goods, in line with the Protocol on Ireland / Northern Ireland. Under the Protocol, EU VAT legislation will continue to apply when it comes to goods traded in Northern Ireland.

CASH CONTROLS

Security Union: Commission welcomes agreement on its proposal to tackle illicit cash flows

The Commission has welcomed the agreement reached by EU Member States and the European Parliament today on key measures to control illicit cash flows in and out of the EU.

The reinforced rules complement the EU's anti-money laundering rules and form part of the European Agenda on Security and work to fight the financing of terrorism. Today's decision was taken following a final round of negotiations this evening in Brussels.

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