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Commentary

V1.224 The impact of EU regulations on VAT

Part V1 General principles and rates of tax

Since the system of VAT adopted by the EU is effected by Directive1, there are few regulations relating directly or solely to VAT.

On 17 October 2005, however, the European Council adopted2 a regulation3 designed to ensure a more uniform application of the common VAT rules in the EU. The regulation covers VAT law relevant

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