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EU mulls VAT changes - EUbusiness Week newsletter 718


01-10-2015

EUbusiness Week 718 top stories: EU tightening car emission tests to prevent cheating; EU unveils push for non-bank lending to end slump; EU, Russia, Ukraine agree winter gas supply deal; Brussels warns Taiwan over illegal fishing or risk ban; Formula One: Sauber, Force India lodge EU complaints; Romania joining euro in 2019 'no longer feasible'

Publisher's Note

The Commission has launched a consultation to look at how to simplify the new EU VAT system for cross-border e-commerce, brought in on 1 January. Based on customer location rather than place of supply, the system has faced fierce criticism for the extra burdens it imposes on smaller businesses.

The consultation will help the Commission with new proposals next year to reduce the administrative burden on businesses arising from different VAT regimes. "We ... have an interest in ensuring that future legislation reflects the reality for businesses across the EU", said Commissioner Moscovici.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. EU tightening car emission tests to prevent cheating

The European Union moved to change its diesel car emission tests to prevent the sort of rigging used by German car giant Volkswagen after noticing discrepancies in the results, say EU sources.
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