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Estate agents exempt from cross-border VAT proposals

Series: RICS Brussels Briefing ; 19 January 2004 (1)Publication details: 2004Subject(s): Summary: 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

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 APID&lg=EN&display.