Cathy Hargreaves and Martin Kelly PricewaterhouseCoopers LLP review the European Commission's progress with VAT in financial services
The recent rejection by the European Commission of the taxpayers' most-favoured solution to the problems inherent in applying VAT to the financial services (FS) sector — the ability to form cross-border VAT groups — provides an opportune moment to appraise the progress of the Commission's review (the Review) of this difficult area. Action may now be required from the FS sector to maintain the momentum behind these vitally important reforms.
The genesis of the Review
The Commission has had the modernisation of the VAT regime in the FS arena — which has remained largely unchanged since the European Union...
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Cathy Hargreaves and Martin Kelly PricewaterhouseCoopers LLP review the European Commission's progress with VAT in financial services
The recent rejection by the European Commission of the taxpayers' most-favoured solution to the problems inherent in applying VAT to the financial services (FS) sector — the ability to form cross-border VAT groups — provides an opportune moment to appraise the progress of the Commission's review (the Review) of this difficult area. Action may now be required from the FS sector to maintain the momentum behind these vitally important reforms.
The genesis of the Review
The Commission has had the modernisation of the VAT regime in the FS arena — which has remained largely unchanged since the European Union...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
