Estate agents exempt from cross-border VAT proposals
Estate agents exempt from cross-border VAT proposals
- 2004
- RICS Brussels Briefing 19 January 2004 (1) .
New EC proposals would shift VAT on cross-border services from where the supplier is located to where the customer is a business user. Currently the supplier of a service must collect and pay VAT due on the supply. However the rules would exempt services connected with immovable property such as estate agency services, which would continue to be taxable at the place where the property is located. EC proposals http://www.europa.eu.int/rapid/start/cgi/guesten.k sh?p_action.gettxt=gt&doc=IP/03/1808 $0
EUROPEAN COMMISSION
VAT
CROSS-BORDER TRADE
ESTATE AGENCY SERVICES
PROPOSALS
SUPPLIERS
CUSTOMERS
New EC proposals would shift VAT on cross-border services from where the supplier is located to where the customer is a business user. Currently the supplier of a service must collect and pay VAT due on the supply. However the rules would exempt services connected with immovable property such as estate agency services, which would continue to be taxable at the place where the property is located. EC proposals http://www.europa.eu.int/rapid/start/cgi/guesten.k sh?p_action.gettxt=gt&doc=IP/03/1808 $0
EUROPEAN COMMISSION
VAT
CROSS-BORDER TRADE
ESTATE AGENCY SERVICES
PROPOSALS
SUPPLIERS
CUSTOMERS