Consultation on VAT rules for financial and insurance services

The most effective way to reform VAT rules in the short term is to fix problems created by ECJ rulings on VAT groups and CSAs. A proposal where the VAT exemption is not removed but made more aligned between the Member States would make VAT rules easier to apply and would have a positive effect on the competition with businesses in other Member States. In the long term, also the removal of the exemption should be further investigated.