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Challenges to create a simpler VAT system

10 November 2015
Issue: 4526 / Categories: News , VAT

CIOT committment to SMEs operating in Europe.

The Chartered Institute of Taxation (CIOT) has set the EU six objectives to ensure more UK small and medium-sized enterprises (SMEs) consider Europe to be their home market or at least carry greater pan-European ambitions.

It follows publication of the European Commission’s internal market strategy which among other areas aims to address key difficulties that SMEs and start-ups face during their lifecycle within the EU single market.

The challenges are:

  • end the disparity in registration rules;
  • simplify recovering VAT from other member states;
  • reduce the complexity of rules;
  • address inconsistent interpretation of common definitions;
  • tackle the complexity in compliance; and
  • more effective dispute resolution.

Peter Dylewski chairman of the CIOT’s indirect taxes subcommittee...

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