|
|
19 Dec 2002
The action stems from the fact that the EC directive on mutual assistance in the tax field is not applied in Gibraltar as far as VAT and excise duties are concerned, as it is applied in the UK.
'The United Kingdom has failed to comply with the formal request to amend its tax system which the commission issued on 15 July 2002,' said Iberia News.
Under Council Directive 77/799/EC, member states are required to exchange any information that they need in order to effect a correct assessment of taxes on income and capital, on value added tax, and on excise duties on mineral oils, tobacco and alcohol. The Directive applies to the whole territory of the Community, which includes Gibraltar.
The directive has been implemented in Gibraltar as far as taxes on income and capital are concerned, but not in respect of VAT and excise duties.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment