Brussels, 30/10/2014 (Agence Europe) - On 30 October, the European Commission unveiled five options for the European Union's new value-added tax (VAT) system in the future, to replace the current temporary system that has been used for the past two decades and that the Commission says is now out-of-date.
The aim of the future 'definitive VAT system' is to respond better to the needs of companies in the Single Market and be more fraud-proof than the current system. The most recent European...