VAT deductions - VAT Committee guidelines
20.11.2000
WRITTEN QUESTION E-3729/00
by Michel Hansenne (PPE-DE)
to the Commission
According to a notice issued by the Irish VAT authorities in August 1990, which was published in a brochure entitled 'VAT and Financial Services' (June 1999, Appendix VIII, p. 102), at a recent meeting of the VAT Committee in Brussels, an agreement was reached to the effect that all expenditure relating to the purchase or sale of company shares concerns exempted activities and therefore does not give rise to an entitlement to deduct VAT at source.
Can the Commission, which provides the chairman and secretariat of the Advisory Committee on VAT set up under Article 29 of Directive 77/388/EEC[1], confirm that the committee adopted the above guidelines unanimously? If it can, why has it not made them public?
Why has the Commission submitted only two reports on the application of the common system of value added tax in the Member States since 1992, when, under the terms of Article 34 of Directive 77/388/EEC, it should have submitted a first report on 1 January 1982 and further reports every two years since then?
- [1] OJ L 145, 13.6.1977, p. 1.
OJ C 174 E, 19/06/2001