During the informal energy and transport ministers’ meeting in Tallinn on 20 September, EU energy ministers, together with European Commission Vice-President for Energy Union Maroš Šefčovič and Commissioner for Climate Action and Energy Miguel Arias Cañete, discussed the operation of a unified European electricity market. Full article…
Council Directive 2006/112/EC lays down rules applicable to the common system of value added tax (VAT). Among other issues, the Council Directive sets a framework for VAT rates. The present VAT system is based on ‘the origin principle’, which requires that a VAT rate applicable to transaction is determined by the Member State in which the seller is located. Various studies and reports show that presently several challenges are linked to the implementation of this directive. These challenges include a gradual move from the origin principle to the destination principle, a need to fight VAT fraud, uncertainty for companies involved in cross-border trading, different VAT rates applied in Member States, obsolete rules, and the restrictive list of cases where reduced VAT can be applied, that is included in Annex III of the directive. The European Parliament has called on the European Commission to update Council Directive 2006/112/EC to respond to these challenges. Similarly, the Council and the European Economic and Social Committee have recommended that this legislation be updated. Furthermore, representatives of various stakeholder groups have voiced requests regarding this piece of legislation. Finally, the European Commission has expressed a willingness to take a more effective and proportionate approach to VAT rates. It is expected that the European Commission will submit this proposal in the third quarter of 2017.
TED Talk, New York, 20 September 2017
We want to ensure that every region in Europe has at least one Digital Innovation Hub by 2020, so that digital innovations are accessible at a working distance to any company. In order to reach this target, several EU initiatives are supporting regions that need additional help. We will take stock of these and other initiatives in a dedicated event in Spain, where we will discuss the way forward for Digital Innovation Hubs.
WEDF provides an issue-focused setting for policymakers, trade & investment support institutions and business leaders to gain practical understanding in trade competitiveness. It also provides unparalleled opportunities for business operators to network and meet with potential partners. Organized by the International Trade Centre (ITC), the only United Nations organization with an exclusive focus on assisting small and medium-sized enterprises (SMEs) to internationalize, WEDF is dedicated to the development of SMEs.
This international symposium will provide an invaluable opportunity to engage with recent policy developments at EU level and scrutinise the future of smart cities globally. It will also enable delegates to analyse recent technological developments and suitable funding opportunities which can underpin the success of future transitions. The event will bring together representatives from the EU and national institutions, the private sector and the civil society to share best practice and provide a broad range of perspectives.
The agenda items include a detailed examination of the Presidency draft on the digitalisation of transport.
Questions and answers are also available.