VAT rules for financial and insurance services

Europex welcomes the opportunity to contribute to the present consultation. In our response, we highlight that the regime on VAT rules for financial services subject to the exemption from VAT has generally proven complex and would benefit from a revision. Our main concern is the lack of clear and up-to-date definitions of the services subject to the exemption from VAT. As such, we strongly believe that there is a need to update, clarify and harmonise such definitions at EU and ideally international level.

Please find our full feedback to the Commission’s questionnaire below.