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Europe Daily Bulletin No. 10531

14 January 2012
ECONOMY - FINANCE / (ae) taxation
One-stop shop for cross-border VAT formalities

Brussels, 13/01/2012 (Agence Europe) - On Friday 13 January, EU Taxation Commissioner Algirdas Semeta said that the complexity of the European Union's current VAT system holds back business within the single market. Companies doing business in more than one member state, for example, have to deal with a number of different tax offices in different languages, which is tricky and costly. For this reason, the European Commission has unveiled draft legislation to introduce a one-stop shop on 1...

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