TaxAdministrationEU companies favour tax harmony

EU companies favour tax harmony

European companies believe that tax harmonisation across the European Union will benefit them more than any other measure imposed on the single market.

Link: EU needs greater tax harmonisation

Currently VAT regimes and other tax rates vary from 15% to 25% across the various member states, despite efforts made by the European Commission dating back more than 30 years.

But a third of company executives polled by US delivery company UPS said tax harmonistion would be the most significant improvement to be made across the region.

Setting a uniform tax rate would allow companies to charge the same price for their goods across the region, executives claimed.

However, the Confederation of British Industy continued its opposition to harmonisation, saying the UK had the lowest tax rate in the EU, and changes to this would erode its competitive position.

The UK government is also opposed to EU tax harmonisation.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

1m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2m Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2m Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

3m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

4m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

4m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

2y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

2y Fraser Simpson, Reporter