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Image header Agence Europe
Europe Daily Bulletin No. 11112
Contents Publication in full By article 26 / 40
ECONOMY - FINANCE - BUSINESS / (ae) taxation

New VAT rules in force from 1 January 2015

Brussels, 01/07/2014 (Agence Europe) - In six months' time, a big change will come into force in the VAT system in the European Union to make life easier for companies and to share out tax income more fairly among member states. Starting on 1 January 2015, VAT on all telecoms, broadcasting, television and e-services will be due in the place where the customer is registered rather than the place where the supplier is registered. The standard rate of VAT ranges from 15% to 27% throughout the European Union and companies often register in low-VAT countries. A one-stop shop will enable companies providing services online to customers in a number of EU member states to make their VAT returns and pay their VAT in their own member state. EU Taxation Commissioner Algirdas Semeta said that the new rules would meet two objectives - fair taxation to make life easier for business and allowing the generation of healthy income for member states' budgets. He said member states would enjoy a fairer distribution of tax income, which would lead to fairer tax competition within the EU. The new rules were decided upon in 2008. (EL)

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EUROPEAN PARLIAMENT CONSTITUTIVE SESSION
INSTITUTIONAL
SECTORAL POLICIES
SOCIAL AFFAIRS
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
COUNCIL OF EUROPE
COURT OF JUSTICE OF THE EU
BUSINESS NEWS NO 110