ECOFIN

Lord Hammond of Runnymede Excerpts

Thursday 12th July 2018 Written Statements

[The Chancellor of the Exchequer (Mr Philip Hammond)]

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 13 July 2018. The Council will discuss the following:

Early morning session

The Eurogroup President will brief the Council on the outcomes of the 12 July meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU.

VAT: generalised reverse charge mechanism and e-publications

The Council will hold an exchange of views on proposals to allow member states to temporarily apply a VAT generalised reverse charge mechanism, and proposals to allow member states to apply non-standard rates of VAT to e-publications.

Current financial services legislative proposals

The Austrian presidency will provide an update on current legislative proposals in the field of financial services.

Presidency work programme

The Austrian presidency will present its work programme on economic and financial matters for July to December 2018, followed by an exchange of views.

June European Council follow-up

The Council will hold an exchange of views on the follow-up to the European Council of 28 and 29 June 2018.

G20 meeting

The Council will be invited to approve the EU terms of reference for the G20 meeting of finance ministers in Buenos Aires on 21 and 22 July.

[HCWS855]