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European Union (EU) News




EU Council Adopts Directive To Make Company Ownership Data Public

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 17, 2018

The European Council has approved a new package of rules designed to prevent fiscal crime, including allowing the public access to information on the beneficial ownership of companies. Read Full Story

 


EU May Simplify VAT Rules For SMEs Earlier, Starting 2020

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 11, 2018

The EU's Committee on Economic and Monetary Affairs has recommended that the implementation of proposals to significantly simplify value-added tax compliance obligations for small and medium enterprises should be brought forward to the beginning of 2020. Read Full Story

 


UK Updates Missing Trader VAT Fraud Guidance For Traders

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

In a first update since August 2006, HM Revenue and Customs has redrafted its value-added tax guidance on the due diligence businesses must undertake to ensure they do not engage in transactions with fraudsters. Read Full Story

 


Ireland Introduces New Sugary Drinks Tax

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

Ireland's new sugar-sweetened drinks tax launched on May 1. The tax agency has released updated guidance on how businesses should comply with the measure. Read Full Story

 


EU Seeks To Prevent BEPS With New Company Law Rules

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 27, 2018

The European Commission has announced new company law rules to, on the one hand, make it easier for companies to merge, divide, or transfer from one member state to another, but, on the other, prevent abusive tax avoidance and profit shifting. Read Full Story

 


EU Tax Working Group To Discuss Digital Tax, MNE Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 17, 2018

The EU's High Level Working Party (Taxation) will discuss international tax reform at its meeting on April 18. Read Full Story

 


Global Tax, Trade Policies Could Dent Ireland's Growth Potential

by Jason Gorringe, Tax-News.com, London

Tuesday, April 17, 2018

The Central Bank of Ireland has identified the changing global tax and trade landscapes and Brexit as potential risks for Ireland's economy. Read Full Story

 


EU Authorizes Danish Flat Rate VAT Scheme For Vehicles

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 28, 2018

A Council Implementing Decision has been published in the Official Journal of the European Union extending a derogation from the EU VAT Directive with respect to the private use of business vehicles in Denmark. Read Full Story

 


EU Commission Told To Flesh Out Digital Tax Plans

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 28, 2018

The EU's Regulatory Scrutiny Board has criticized the bloc's announcement of measures to tax the turnover of certain digital firms' activities, saying that the Commission has failed to fully flesh out its proposals, substantiate the need for them, or analyzed their potential impact. Read Full Story

 


ICC Supports An International Digital Tax Response

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 28, 2018

Noting the release of the EU's proposal for an interim "excise tax" on certain digital firms' revenues, the International Chamber of Commerce has thrown its weight instead behind the OECD's calls for countries to instead work towards an international consensus on changes to international tax rules for the digital economy by 2020. Read Full Story

 

 

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