CFE Opinion Statement FC 09/2017 on the European Commission Proposals on the way towards a single European VAT area
Released 04 December 2017
Adjustment and improvement of the current system in order to minimize fraud would be better than introducing a new definitive VAT system, says CFE.
The Confédération Fiscale Européenne (CFE) has published an Opinion Statement on the European Commission proposals published on 4 October 2017, seeking to follow up on the Action Plan on VAT towards a single EU VAT area - time to act. The Opinion Statement examines the proposed cornerstones of the definitive VAT system and the introduction of the concept of a Certified Taxable Person. It also includes comments on the proposed "quick fixes". The CFE raises the question as to whether the proposed definitive regime will actually fight fraud or, instead, possibly create new means of perpetrating fraud and that the better approach at this stage of events, is to consider making adjustments to the current system in order to minimize fraud and improve the system by implementing quick fixes.