Sat Dec 18th, 2010 at 06:48:15 AM EST
European Commission: Green Paper on the future of VAT– Towards a simpler, more robust and efficient VAT system
The Commission invites all interested parties to submit their contributions in response to the questions raised in the ‘Green Paper on the future of VAT– Towards a simpler, more robust and efficient VAT system’.
All stakeholders affected by this initiative – all citizens, organisations, businesses, public authorities, tax practitioners, tax experts and academics - are invited to provide their views on this matter
Period of consultation
From 01.12.2010 to 31.05.2011
Value added tax (VAT) constitutes a major source of revenue for national budgets of the Member States of the European Union. However, the VAT system, which is based on legislation adopted at European level and applied at national level, suffers from numerous shortcomings which do not make it fully efficient and compatible with the requirements of a true single market.
The aim of this consultation is to launch a broad based debate with all the stakeholders on the evaluation of the current VAT system and the possible ways forward to strengthening its coherence with the single market and its capacity as a revenue raiser whilst reducing the cost of compliance.
The Green Paper covers in particular the treatment of cross border supplies, as well as other key issues addressing tax neutrality, the degree of harmonisation required in the single market and reducing "red tape" whilst ensuring VAT revenues for Member States.
Submissions seem to be free-form (thought I expect the consultation document to lead you in a particular policy direction), and by email.
Received contributions will be published on the Internet. It is important to read the specific privacy statement attached to this consultation for information on how your personal data and contribution will be dealt with.