The Council adopted a regulation (5531/11) laying down the rules for the implementation of directive 2006/112/EC on the common system of value added tax (VAT), in particular in respect of taxable persons, the supply of goods and services, and the place of taxable transactions.
The regulation, which recasts regulation 1777/2005, clarifies certain aspects of the VAT directive (2006/112/EC) with the aim of ensuring better compliance with the objectives of the internal market.
It provides for:
– implementing measures for directive 2008/8/EC as regards the place of supply of services;
– adaptation of regulation 1777/2005 to the VAT directive after its recast in 2006;
– implementing measures for other elements of the VAT directive.
Annex: COUNCIL IMPLEMENTING REGULATION laying down implementing measures for Directive 2006/112/EC on the common system of value added tax (Recast) – 5531/11