Spanish Media Reports That UK Is To Face Proceedings Over Gibraltar's VAT Regime
Gibraltar's media is furious that once again, the Rock appears to have been
left out of the loop by the European Commission regarding issues related to
its tax regime. Citing the Spanish EFE news agency as its source, Iberia News revealed this
week that Internal Market and Taxation commissioner, Frits Bolkestein is understood
to have begun proceedings against the United Kingdom over the lack of information
available on Special taxes and VAT in Gibraltar. 'The EU's decision has once again been revealed through the Spanish media with
no previous information being revealed in Gibraltar over the possibility that
the EU was considering...challenging Gibraltar's VAT concessions via the European
courts,' Iberia News observed, continuing: 'The EU Commissioner is reported to have indicated that he considers the non-application
of VAT in Gibraltar does not exclude the British Colony from cooperating with
other member states on the provision of...information relating to VAT and Special
tax concessions.' .
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