AIB joins anti-VAT fraud package from ECOFIN

25 June 2013

On June 21, the AIB has joined nine other European energy Associations in the adoption of an anti-fraud package created by the Economic and Financial Affairs Council (ECOFIN).

The measure allowed member states and organizations the ability to better combat VAT fraud.  This was done by enabling, “immediate measures to be taken in cases of sudden and massive VAT fraud” and, “…on an optional and temporary basis, a reversal of liability for the payment of VAT on the supply of certain goods and services”.
For more information on these developments view the AIB press release here