This is the final report on the application of Article 263(1) of Directive 2006/112/EC in force since 1 January 2010.
Article 263(1) wants to  ensure that information on intra-Community supplies of goods and services is collected and exchanged between Member States more quickly. This measure will enable quicker detection of fraud particularly targetting  VAT carousel (missing trader) fraud.
The report was drawn up for the European Commission in 2011 and focuses on the consequences for business arising from a reduced time frame for submitting recapitulative statements and the possibilities offered to Member States to derogate from the normal rule.
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