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30 January 2020

The European Commission released Explanatory Notes on the VAT “Quick Fixes”

On 20 December 2019, the European Commission released final version of the Explanatory Notes on the VAT “Quick Fixes”, which were to be implemented by the EU Member States as of 1 January 2020.

Elvíra Ungerová


The document aims at providing a better understanding of the new rules in the following areas:

  • call-off stock arrangements,
  • chain transactions,
  • the exemption for intra-Community supplies of goods and
  • the proof of transport for the purposes of that exemption.

The Explanatory notes were first made available in the English language. The Commission endeavours to make the Explanatory Notes available in all official languages of the EU member states before the end of March 2020.


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