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

Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

5d Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
HRMC loses £653,000 tax battle following administration error

Administration HRMC loses £653,000 tax battle following administration error

1y Fraser Simpson, Reporter
European inquiry into Panama Papers receives go-ahead

Administration European inquiry into Panama Papers receives go-ahead

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
European Commission close to anti-tax avoidance package

Administration European Commission close to anti-tax avoidance package

1y Fraser Simpson, Reporter
‘Significant recovery’ for HMRC customer service, claims boss Thompson

Administration ‘Significant recovery’ for HMRC customer service, claims boss Thompson

1y Fraser Simpson, Reporter