EU links rebate debate to carousel fraud fight
Member states seek to reopen bitter rebate battle in exchange for a concession on VAT fraud
EU member states are seeking to link concessions to the UK on carousel fraud
with a climbdown on the UK rebate.
The UK has attracted a rebate since the 1980s, and the French are now seeking
to reduce that by offering it in return for allowing the UK to set up its new
reverse charge mechanism on VAT,
the
FT reported.
British officials are said to be privately admitting they have been boxed
into a croner, but say publicly: ‘We don’t draw a connection between these
discussions.’
Further reading
France
delays Brown’s VAT fraud move
Carousel fraud bill to reach
£5bn