Common system of value added tax (VAT): quick reaction mechanism against VAT fraud

This dossier concerns the common VAT system and a quick reaction mechanism against VAT fraud. The amendments address combating sudden and massive VAT fraud, the reverse-charge measure designating the recipient as liable, the application procedure and time limits for Member States to obtain authorisation, a threshold defining 'massive' fraud relative to VAT receipts, information-sharing among Member States, the European Parliament and the Court of Auditors, and Commission reporting on the mechanism.