Interinstitutional Agreement on Better Law-Making

According to Article 295 of the Treaty on the Functioning of the EU, the European Parliament, the Council and the Commission may conclude interinstitutional agreements (“IIA”) setting out arrangements for their cooperation. A number of such agreements are in place, including the Interinstitutional Agreement on Better Law-Making adopted by the parties on 9 March 2016, which replaced the 2003 IIA with the same name.

Towards a definitive VAT system and fighting VAT fraud in the European Union

VAT is a major and growing source of tax revenue in the EU. The current VAT system is, however, too burdensome and complex for businesses that wish to expand beyond the Member State in which they are established. The current VAT system is also too vulnerable to fraud when it comes to cross-border trade. On 7 April 2016 the Commission adopted an Action Plan on VAT, and in July 2016 the amendments to the own-initiative report “Towards a defintive VAT system and fighting VAT fraud” (made by rapporteur Werner Langen) were discussed.

The European Order for Payment Procedure

Regulation No 1896/2006 of the European Parliament and of the Council regulates the European Order for Payment Procedure, which is an optional proceeding that may be used in cross-border cases as an alternative to the various equivalent national procedures. The purpose of the procedure is the swift and efficient recovery of uncontested outstanding debts.