BRUSSELS ABANDONS COMPREHENSIVE VAT REFORM
June 8th, 2014
THE EUROPEAN Commission has abandoned attempts to secure approval for a comprehensive reform of the European Union’s (EU) VAT system, having failed to secure sufficient support.Brussels has been promoting a package of changes since 2004, but has decided member states will not approve them, withdrawing the proposals as “good legislative management.”Its proposal to amend EU directive 77/388/EEC with a view to simplifying value added tax obligations would have created a single electronic portal where traders could make all EU returns using one VAT number. ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.