EU proposals to levy direct taxes in areas such as financial transactions,
carbon emissions and aviation are set to be shot down after senior member states
raised concerns over tax sovereignty.
Budget commissioner Janusz Lewandowski aims to put forward the idea in
September in a bid to reduce EU member state contributions, but the proposals
have been given short shrift even by the most pro-European countries.
Germany’s coalition agreement precludes EU involvement in national taxes
while French ministers said the proposal was “ill-timed”, according to
UK Treasury minister Lord Sassoon also that the government was opposed to
direct EU taxes.
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