|Author (Corporate)||European Commission: DG Communication|
|Series Title||Press Release|
|Series Details||IP/16/1022 (07.04.16)|
The European Commission presented on 7 April 2016 an Action Plan setting out ways to reboot the current EU VAT system to make it simpler, more fraud-proof and business-friendly.
The Action Plan set out a pathway to modernise the current EU VAT rules, including:
+ Key principles for a future single European VAT system;
+ Short term measures to tackle VAT fraud;
+ Update the framework for VAT rates and set out options to grant Member States greater flexibility in setting them;
+ Plans to simplify VAT rules for e-commerce in the context of the Digital Single Market (DSM) Strategy and for a comprehensive VAT package to make life easier for SMEs.
|Countries / Regions||Europe|