EMA letter to European Commission regarding implementation of CESOP

The EMA sent a letter to the European Commission regarding the implementation of CESOP in the EU, which is proving hugely challenging for our industry. The letter emphasises that EMA members are fully on board with assisting EU tax authorities in identifying VAT avoidance, and recovering funds. However, the lack of practical arrangements to allow implementation of CESOP within the timescales set out in the Directive are simply not possible at this stage.

Read the full letter here