Introduction Summary
1.Section 50 is an anti-fraud measure which provides an enabling provision in the VAT Act 1994 (VATA) necessary to implement European Council Directive 2010/23/EU. That Directive permits the option of a “reverse charge” for VAT to be applied to supplies of emissions allowances. This section enables the reverse charge to be applied to supplies of services of a kind used in missing trader intra-community fraud (“MTIC fraud”).