10 May 2018
News from Accountancy Europe May 2018
The European Commission has launched an updated Mini-One Stop Shop (MOSS) portal for VAT purposes. The new MOSS portal provides comprehensive and easily accessible information on VAT rates for telecom, broadcasting and eservices, and explains how the MOSS can be used to declare and pay VAT on such services...
12 April 2018
News from Accountancy Europe April 2018
The Commission has published a report looking into the effects of the reverse charge mechanism (Article 199 a. and b. of the VAT Directive) on combatting fraud and on the impacts of the mechanism more broadly...
15 March 2018
News from Accountancy Europe March 2018
The EU Commission has just launched a questionnaire/consultation, which is one of the last deliveries of the 2016 VAT Action Plan. It complements the recently adopted VAT Digital Single Market Package (5 December 2017). The latter simplified VAT rules for cross border business to consumers (B2C) supplies, while this initiative is about the administrative cooperation tools for the competent tax authorities to detect and control VAT non-compliant sellers trading online.
26 February 2018
News from Accountancy Europe February 2018
The European Commission published on 18th January its long-awaited new VAT package consisting of two core elements...
22 January 2018
News from Accountancy Europe January 2018
European Commission European Commission proposes to maintain minimum VAT rate of 15% under definitive regime - 19 December 2017
20 November 2017
Tax Policy Update – Accountancy Europe November 2017
20 September 2017
News from Accountancy Europe October 2017
The Commission has published the latest annual Taxation trends report. The report shows that revenues from consumption taxes (including VAT and excise duties) for the EU-28 increased as a percentage of GDP in 2015. However, the share of consumption taxes out of total revenue increased only slightly to 28.7% compared to 28.5% in 2014. The report also demonstrates that the average top corporate tax rate reduced from 22.5% to 21.9% between 2016 and 2017. The Taxation trends report provides detailed statistical and economic analysis of the tax systems of the 28 EU Member States, as well as Iceland and Norway. The report also includes country chapters where, for each country, key tax indicators are provided on tax revenues as a percentage of GDP for the years ranging from 2003 to 2015. These are supplemented by tables presenting the latest tax reforms in each country.
20 September 2017
News from Accountancy Europe September 2017
The UK government has updated its plans to prevent VAT evasion committed by non-compliant, non-EU businesses that sell goods online in the UK and will now include the “Fulfilment House Due Diligence Scheme” (FHDDS), which will target fulfilment houses in an effort to get them to monitor their customers VAT compliance, in its early-autumn Finance Bill.
24 May 2017
News from Accountancy Europe – formerly the Federation of European Accountants - 05.2017
The European Commission has published a taxation paper on tax certainty. The paper analyses main sources of tax uncertainty, reviews the economic and empirical literature on the ...
24 April 2017
News from Accountancy Europe - formerly the Federation of European Accountants - 04.2017
The European Commission has published its long-anticipated White Paper on the Future of the EU 27 by 2025. The paper was launched in view of the Rome Summit on 25 March...