EU MINISTERS ALLOW DUTCH TO CHARGE CLOTHING CONTRACTORS TO FIGHT VAT FRAUD
November 1st, 2007
BY KEITH NUTHALL
EU MINISTERS ALLOW DUTCH TO CHARGE CLOTHING CONTRACTORS TO FIGHT VAT FRAUD
THE EUROPEAN Union (EU) Council of Ministers has authorised the Netherlands to derogate from standard VAT law for the ready-to-wear clothing industry by shifting the obligation to pay sales tax from clothing firm sub-contractors to their contractors. The aim of this temporary reform - which would last until December 2009 - is, said council minutes: "Preventing fraud in a sector in which collecting VAT is rendered awkward by the difficulty of identifying and ...
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