EU Parliament has tabled more than 200 amendments to its draft report on a coherent tax framework for the financial sector, with VAT reform at the centre. The proposals aim to narrow the long‑standing VAT exemption for financial services, tax fee‑based B2B services, consolidate the Insurance Premium Tax into VAT, and modernise rules for neobanks, crypto and other digital financial services. A parliamentary vote is scheduled for 26 April 2026, with a vote expected in May and potential plenary adoption in June.
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Key Takeaways
The parliamentary vote on the amendments is scheduled for 26 April 2026.
The proposals include consolidating the Insurance Premium Tax, a turnover tax on insurance premiums, into the VAT regime.
The amendments target fee‑based B2B services such as advisory, processing and platform fees for VAT exemption narrowing.
A vote is expected in May 2026, with potential plenary adoption in June 2026.
Primary source
Read the full article at VatCalcThis summary was published on VATfaqs.com on 4 April 2026. It relates to VAT developments in European Union. The original source is VatCalc.
