Tag Archives: legislation

Proposals for the Cohesion Policy 2014-2020

The Commission has published its proposals which will frame cohesion policy for 2014-2020. The first part of the proposal sets out common rules governing the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development (EAFRD), and the European Maritime and Fisheries Fund (EMFF). The second part sets out common rules governing the three main funds delivering the objectives of cohesion policy: the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Cohesion Fund (CF).

When adopted, the legislation package will establish a common strategic framework for the ERDF, ESF, CF, the EAFRD and EMFF. A Partnership Contract will be agreed between the Commission and each EU Member State, bringing together all the country’s commitments to delivering European objectives and targets. Before funds are paid out, authorities will have to demonstrate that satisfactory strategic, regulatory and institutional frameworks are in place to ensure the funds are used effectively. The release of additional funds will be dependent on performance. Deficiencies in macroeconomic policy (excessive budget deficits, etc.) will lead to suspension of the cohesion financing. Procedures will be simplified and computerised where possible. Eligibility rules for EU funding instruments will be harmonised.

 

 

Commission Initiatives on VAT and E-Invoicing

The European Commission has launched two important initiatives respectively on VAT and E-Invoicing.

On VAT the Commission has published a green paper aiming at a public consultation with stakeholders. The main questions:

  • What would be the most suitable VAT arrangements for intra-EU supplies? Is taxation in the Member State of origin still a relevant and achievable objective?
  • Which of the current VAT exemptions should no longer be kept? Should VAT be applied to passenger transport irrespective of the means of transport used?
  • Should the current exemption scheme for small businesses be reviewed and what should be the main elements of that reassessment?
  • What changes should be introduced to improve the neutrality and fairness of the rules on deduction of input VAT?
  • What are the main problems with the current VAT rules for international services, in terms of competition and tax neutrality or other factors?
  • Which, if any, provisions of EU VAT law should be laid down in a Council regulation instead of a directive? Might guidance on new EU VAT legislation be useful even if it is not legally binding on the Member States?
  • Do the current rates structure creates major obstacles for the smooth functioning of the single market (distortion of competition), unequal treatment of comparable products, or leads to major compliance costs for businesses?

The Commission communication “Reaping the benefits of electronic invoicing for Europe” notes that the existing rules that govern e-invoicing in Europe are still fragmented along national lines and most of the potential of e-invoicing is still untapped. The Commission wants to see e-invoicing become the predominant method of invoicing by 2020 in Europe and sets the following priorities:

  • to ensure legal certainty and a clear technical environment for e-invoices to facilitate mass adoption;
  • to encourage and promote the development of open and interoperable e-invoicing solutions based on a common standard, paying particular attention to the needs of SMEs;
  • to support the uptake of e-invoicing by setting up organisational structures, such as national e-Invoicing fora and a European Multi-Stakeholder Forum.

 

 

New Guide for Access to European Legislation

A new guide gives essential information on official sources of legal gazettes, consolidated legislation and legislative databases. It covers the European Union, the European Free Trade Association, the European Economic Area, as well as each of the Member States in these legal systems.