The ruling is designed to end unfair competition between public sector bodies such as the post office, which is VAT-exempt, and private operators who are forced to pay VAT.
EU tax commissioner Fritz Bolkenstein claimed the ruling would make the VAT system fairer and said the cost would not have a significant effect on consumers.
However in anticipation of a consumer backlash, governments have the option to apply a reduced VAT rate on ‘standard postal services’ – addressed items weighing less than 2kgs.
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
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year