The group submitted a petition on Tuesday calling on the commission to include CDs on a list of products to be given a lower tax rate. Countries most opposed to the lower VAT rates are Germany, which imposes a tax of 16% on CDs, and the UK, whose rate is 17.5%.
A spokeswoman for the International Society for Performance Improvement admitted the lobbyists had an uphill battle on their hands.
The Treasury said it could not comment.
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
Does Darwin's theory apply to taxation? Colin ponders...