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Is VAT Reporting Around the EU Going to be Made Easier


The VAT People - Expert Author

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4th November 2013

As many of you have no doubt experienced, completing VAT registrations in other EU Member States can be very difficult. However, the Commission have presented a proposal on a new standard VAT return to make compliance more efficient.

The Commission have issued a press release which states their view that the new standard VAT return can cut costs for EU businesses by up to 15 billion a year. The aim is to slash red-tape for businesses, ease tax compliance and make tax administrations across the Union more efficient.

The proposals state that the new VAT return will have five compulsory boxes; Member States will be given leeway to request up to 21 additional boxes to be completed. This is a significant improvement on the current position as some Member States require up to 100 information boxes to be completed.

Please find a link to the press release which provides more information regarding the proposals:-

Press Release

If you have any questions regarding overseas VAT matters please do not hesitate to contact our free helpline to understand how we can assist you further, we have excellent relationships with VAT advisors in other Member States

About the Author

The VAT People are leading VAT and Customs Duty consultants based in the North West of England. We work with a wide range of businesses throughout the UK as well as assisting our accountancy colleagues to unravel the thorny VAT issues for their clients. We are one of the UK's largest and most comprehensive sources of VAT and Customs advice, our consultancy team having over 140 years of experience in VAT and Customs gained in either HMRC or a Big 4 accountancy practice environment.

Call us on our VAT helpline 0800 077 4604 to discuss. All initial discussions are free with no-obligation.

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Article Published/Sorted/Amended on Scopulus 2013-11-11 09:03:43 in Tax Articles

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