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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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