According to the FT
VAT fraud costs the continent €250bn (£170bn) annually, a matter
that was discussed by finance ministers in Berlin this weekend.
Germany finance minister Peer Steinbrück used the meeting to call for a
complete ‘reverse charge’ mechanism, which would turn Germany’s VAT system on
Under the system sales tax will be charged at the end of the supply chain
The move is a counter to rampant MTIC fraud, but has been opposed by most EU
countries, who say it could create new fraud risks and is an administrative
Kovacs is more in favour of increasing cooperation between EU states, and
reforming VAT charged in e-commerce.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states