The European Commission (EC) has published details of its plan to reform the EU VAT system with regard to cross-border trade. Antonio Lanotte, a European senior finance manager and professional tax advisor, gives an overview of the plans, focusing on why we need a new VAT system, what will change, when it will change and what the consequences will be.
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The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among clients