Where: European Commission's press room (tbc)
Topic: Economy, finance, tax and competition
Organiser: European Commission
In October, the European Commission will propose a standard VAT return form for businesses. Every year 150 million VAT returns are submitted to EU tax administrations. However, the reporting obligations vary in all 28 Member States making it very difficult for companies that do business in more than one Member State to comply with so many different rules. The Commission's proposal to standardize VAT reporting obligations across all 28 EU Member States will lift one of the biggest obstacles for companies to expand their business opportunities in the single market, especially small European businesses.
Algirdas Šemeta, Commission for Taxation, will present this proposal at the midday briefing in the Commission's press room (to be confirmed). Press materials will be available on the day.