EU REPORT SHOWS HOW VAT CONTRASTS DISTORT PASSENGER MARKET
January 2nd, 2015
CONTRASTS in VAT rates across the European Union (EU) are increasingly distorting passenger transport services across the EU, as such industries are liberalised. With more bus, train, air, ferry and cruise services crossing national borders within the 28-country EU, current varying VAT rules “can create distortions of competition”, said a detailed European Commission report: “Even where exemptions or reduced rates do not apply, the complexity of the current place-of-supply rules increase compliance costs and may cause voluntary or involuntary ...
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