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European Firms Said To Face Too Complex Tax Compliance Burden: Survey

by Jason Gorringe, Tax-News.com, London

20 December 2016


More than 80 percent of European tax professionals say complicated tax laws are hindering business growth on the continent, according to a new report from accountancy bodies ICAEW and EGIAN.

The report "Tackling taxes – Business Perspectives from across Europe" surveyed 173 tax professionals from 29 European countries.

It said that companies had found value-added tax compliance particularly challenging, with two thirds of respondents saying businesses were struggling to comply with the numerous rules

"In economically challenging times, the last thing businesses need is to have to navigate through a maze of red tape," said ICAEW European Regional Director Martin Manuzi. "Businesses need to be able to focus efforts on innovation and growth."

"If the digitization of tax is to be successfully rolled out across all of Europe, it is vital that the tax environment be made more accessible and less complex for businesses of all sizes and sectors."

TAGS: environment | compliance | tax | business | value added tax (VAT) | law | professionals | European Union (EU) | Cuba | Europe

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