Council of the European Union 10 April 1995, Council Directive 95/7/EC of 10 April 1995 amending Directive 77/388/EEC and introducing new simplification measures with regard to value added tax - scope of certain exemptions and practical arrangements for implementing them

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Council Directive 95/7/EC of 10 April 1995 amends the Sixth VAT Directive (77/388/EEC) to clarify and extend certain VAT exemptions, including the inclusion of ancillary transport costs in the taxable amount on importation, the conditions for export exemptions on goods in travellers' personal luggage, and the extension of the capital goods adjustment period for immovable property up to 20 years. Key provisions modify the rules on intra-Community goods transport, work on movable tangible property, warehousing arrangements other than customs warehousing (with an annexed list of eligible goods), and the person liable for VAT upon cessation of suspensive arrangements. Member States were required to implement the Directive by 1 January 1996, with a derogation permitting Germany and Luxembourg until 1 January 1997 for the warehousing provisions in Article 1(9).AI