Extracts from the press conference by Algirdas Šemeta, on an EC proposal for a standard VAT declaration for 20 million European companies
On 23 October 2013, Algirdas Šemeta, Member of the EC in charge of Taxation, Customs, Statistics, Audit and Anti-Fraud, presented at the European Commission in Brussels, Belgium, a new proposal of a new standard VAT return, which can cut costs for EU businesses by up to €15 billion a year.
The aim of this initiative is to slash red-tape for businesses, ease tax compliance and make tax administrations across the Union more efficient. As such, it fully reflects the Commission's commitment to smart regulation and is one of the initiatives set out in the recent REFIT to simplify rules and reduce administrative burdens for businesses (IP/13/891). PHOTO SHOTLISTLINK