Martin Scammell Ernst & Young LLP London discusses the problems for the property industry as a result of accession
On the long march to harmonisation there is one conspicuous straggler — property. This is hardly a peripheral topic: property is a major cost to most businesses and to most citizens. Yet if we look at the position across the new EU it is hard to find any important point on which there is uniformity of VAT treatment.
Several of the ten new Member States have changed their rules in the run up to accession. But we might almost wonder why they bothered — the end result is only slightly greater harmonisation than before; most of their existing rules could have found some sort of justification under the Sixth Directive...
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Martin Scammell Ernst & Young LLP London discusses the problems for the property industry as a result of accession
On the long march to harmonisation there is one conspicuous straggler — property. This is hardly a peripheral topic: property is a major cost to most businesses and to most citizens. Yet if we look at the position across the new EU it is hard to find any important point on which there is uniformity of VAT treatment.
Several of the ten new Member States have changed their rules in the run up to accession. But we might almost wonder why they bothered — the end result is only slightly greater harmonisation than before; most of their existing rules could have found some sort of justification under the Sixth Directive...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
