Olli Rehn sent Spain to the naughty step, again. For the first time, the European Commission has issued opinions on euro area Member States’ Draft Budgetary Plans, which from this year must be submitted to the Commission by 15 October, at the same time as draft budgets are sent to national parliaments. Presenting a major package […]
Standard European VAT Return Proposed
A new standard VAT return, which can cut costs for EU businesses by up to €15 billion a year, has been proposed by the Commission today. The aim of this initiative is to slash red-tape for businesses, ease tax compliance and make tax administrations across the Union more efficient. Algirdas Šemeta, Commissioner for Taxation, said: “The […]