Reform of VAT rules in the EU


The European Commission launched on 4th October 2017 plans for the largest reform of VAT rules in the EU in a quarter of a century. The reboot will improve and modernize the system for governments and businesses. Overall, over €150 billion of VAT each year is lost; which means that Member States lose revenues that could be used for schools, roads and health care.


Thanks to TRA Italian Member, Studio Cassinis for the article & comments: