| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/04/1331 (29.10.04) |
| Publication Date | 29/10/2004 |
| Content Type | News |
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The European Commission presented a proposal on 29 October 2004 to simplify current Value Added Tax (VAT) compliance obligations to help cross-border traders who supply goods and services to other EU Member States. In particular the proposal would provide for a 'one-stop-shop' system whereby a trader could fulfil all his VAT obligations for EU-wide activities in the Member State in which he is established. This system would allow traders to use a single VAT number for all supplies made throughout the EU and to make VAT declarations to a single electronic portal that would then be submitted automatically to the different Member States to which the trader supplies goods or services. The proposal also contains five other simplification measures. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1331&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Taxation |
| Countries / Regions | Europe |
