Michaela Merz

Standard EU VAT Return: Easing life for businesses and improving tax compliance

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A new standard VAT return, which can cut costs for EU businesses by up to €15 billion a year, has been proposed by the Commission on 23 October. The proposal still needs to be adopted by the Member States, and if everything goes well will go live on 1 January 2017.

The aim of this initiative is to slash red-tape for businesses, ease tax compliance and make tax administrations across the Union more efficient. The standard VAT return – which will replace national VAT returns – will ensure that businesses are asked for the same basic information, within the same deadlines, across the EU.

For further information see the press release (IP/13/988) and the frequently asked questions (MEMO/13/926).

131024_Council Directive

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