Novel Food: new regulation adding to the food variety present on the EU market enters into force
The new Regulation on Novel Food is applicable from 1 January 2018. The regulation brings significant improvements and changes to the novel food authorisation procedure. It includes an expanded definition for novel food to account for innovation and technology advances in the food sector, a centralised EU-wide authorisation system of novel foods and of traditional foods from third countries, a list of all authorised novel foods in the EU, and data protection provisions for the applicants. European Commissioner for Health and Food Safety Vytenis Andriukaitis welcomed the new regulation: ”These changes will make the process of authorising and placing novel food on the European market simpler, quicker and more applicant friendly, while fully ensuring food safety. We hope that this will add to the variety already present on the EU market of healthy, nutritious traditional and innovative foods.” Before being authorised all novel foods must be scientifically proven to be safe to public health. The authorisation then sets out the conditions for their use, their designation as food and labelling requirements. For more information on the new Novel Food Regulation see here.
Commission welcomes the entry into force of new rules to prevent tax evasion and money laundering
The Commission has welcomed the entry into force of new rules obliging Member States to give tax authorities access to data collected under anti-money laundering legislation. As of 1 January 2018, national tax authorities will have direct access to information on the beneficial owners of companies, trusts and other entities, as well as customer due diligence records of companies. The new arrangements should give a major boost to tax authorities in the fight against the types of structures highlighted in the ‘Paradise Papers’. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “We want to give tax authorities crucial information on the individuals behind any company or trust. This is essential for them to be able to identify and clamp down on tax evaders. To do this, tax authorities will now have access to anti-money laundering information.” The new amended rules, enshrined in the Directive on Administrative Cooperation (Directive 2011/16/EU), will give tax authorities much-needed access and enable them to react quickly and efficiently to cases of tax evasion and avoidance.