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Council of EU to seek agreement on VAT in digital age package at Economic and Financial Affairs Council; ministers to review Recovery and Resilience Facility implementation on 5 November 2024

Oct 25, 2024 Press Release 2 min read

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October 25, 2024 (press release) –

Overview of the main topics and events at the Council of EU and European Council for the coming fortnight.

Economic and Financial Affairs Council, 5 November 2024

The Council will seek a political agreement on the value added tax (VAT) in the digital age package. The package consists of three proposals that set out to tackle VAT fraud, support businesses and promote digitalisation. 

Ministers will take stock of the implementation of the Recovery and Resilience Facility (RRF) and the Council will aim to adopt implementing decisions approving modified recovery and resilience plans, submitted by some member states.

Ministers will be informed of the state of play of the economic and financial impact of Russia’s aggression against Ukraine.

The Council will approve conclusions on the progress made on the EU’s statistical priorities, while providing guidance for further work. As a point without discussion, the Council will also adopt a regulation that aims to further improve the development, production and dissemination of European statistics.

The Presidency will present the state of play of legislative proposals in the field of financial services. As a point without discussion, the Council will adopt two pieces of legislation that change the Solvency II directive, the EU's main piece of legislation in the insurance area, and introduce new rules on insurance recovery and resolution (IRRD).

Other meetings


 

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