VAT Bulletin: European Commission publishes legislative proposals on reforming VAT for the financial services sector – November 2007

The European Commission has published its proposals to reform the application of the VAT system to the financial services and insurance sectors. The proposals will have important implications for all businesses operating in, or otherwise dealing with, the financial services sector.


Attached please find a bulletin setting out the main legislative proposals, and the key implications thereof.

VAT Bulletin: European Commission publishes legislative proposals on reforming VAT for the financial services sector – November 2007