The UK’s attempts to fight VAT fraud with the implementation of a reverse
charge mechanism could be scuppered after Germany, Austria and France who
objected to the request.
The UK has already received the backing of the
to implement the mechanism on the import of mobile phones, computer chips
, however, reports that Germany, Austria and France have objected to the
application. The UK needs the backing of all European Union finance ministers to
be granted an exemption from EU
Germany and Austria have objected because their request to implement the
reverse charge more broadly was refused earlier this year. France fear that the
reverse charge will simply create opportunities for a different kind of fraud.
‘The Germans and Austrians are not happy. Other states don’t like the reverse
charge mechanism at all, such as France, as they consider it will create fraud
in different ways,’ an EU diplomat was quoted as saying.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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