Alex Baulf and Ksenia Skatchkova (Grant Thornton) examine the plans and how this might impact UK businesses.
What is the EC’s action plan on VAT?
On 7 April 2016 the European Commission published its action plan on VAT titled Towards a single EU VAT area: time to decide. Broadly the objectives of the proposed reforms include:
adapting the EU VAT system to the global digital and mobile economy;
supporting the needs of small and medium-sized businesses (SMEs);
providing for an adequate rates policy;
addressing cross-border fraud; and
helping EU member states to close the gap between expected and actual revenue collections (the ‘VAT gap’).
The reforms will be agreed and implemented via a two-step legislative approach. First the settlement of the VAT treatment of intra-EU B2B supplies of goods ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Alex Baulf and Ksenia Skatchkova (Grant Thornton) examine the plans and how this might impact UK businesses.
What is the EC’s action plan on VAT?
On 7 April 2016 the European Commission published its action plan on VAT titled Towards a single EU VAT area: time to decide. Broadly the objectives of the proposed reforms include:
adapting the EU VAT system to the global digital and mobile economy;
supporting the needs of small and medium-sized businesses (SMEs);
providing for an adequate rates policy;
addressing cross-border fraud; and
helping EU member states to close the gap between expected and actual revenue collections (the ‘VAT gap’).
The reforms will be agreed and implemented via a two-step legislative approach. First the settlement of the VAT treatment of intra-EU B2B supplies of goods ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
