FEE welcomes the VAT Action Plan issued by the EC, and says accountants play a vital role in supporting businesses to fulfil their VAT obligations. FEE is thus ready to offer the Commission its expertise in reforming the European VAT system.
“The Federation is glad that the Action Plan aims to simplify the current VAT system and recognises the particular needs of SMEs”, according to President Petr Kriz. “Tackling VAT fraud and adapting to the digital economy will prove crucial in making the VAT system fit for the 21st century. Reducing compliance burdens for companies, especially SMEs, should remain at the forefront; new measures should help and not hinder business. We welcome in particular that the Commission will shortly address VAT obstacles to cross-border e-commerce and we look forward to further details on a definitive VAT regime in the EU.”
“The Federation of European Accountants is very grateful to the VAT Unit of DG TAXUD”, CEO Olivier Boutellis-Taft added. “The Head of Unit presented this Action Plan at our 3rd VAT Roundtable on 18 February where over 100 participants discussed the anticipated VAT proposals. The Federation is committed to be part of the solution for VAT in Europe and will keep informing this debate independently.”
Full press release
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