Market News > Lovells Newsflash-European Commission Proposal for Modernising the VAT Rules for Insurance and Financial Services
On 28 November the European Commission issued a proposal to amend the VAT Directive and introduce a new VAT Regulation to modernise the VAT rules for insurance and financial services. The proposal should create more certainty and security for Member States and for financial and insurance institutions by setting clear modern definitions of exempt services.
Our colleagues in Tax have put together a detailed note on the proposal, which we thought might be of interest to you.
Please click here if you wish to read the note.
