Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-162-000"
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"en.20111013.19.4-162-000"2
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"After more than 40 years since the introduction of VAT, the time has come to review the system with a view to strengthening its coherence with the single market and its contribution to other policies. Reforming the VAT system can play a crucial role in supporting the delivery of the Europe 2020 strategy and a return to growth through its potential to reinvigorate the single market and underpin smart budget consolidation in the Member States. Any such improvements require a comprehensive VAT system that can adapt to changes in the economic and technological environment. A simpler VAT system would also reduce the operational cost to taxpayers and tax administrations, thereby increasing the net benefit to the Treasury. Moreover, the key role of businesses in collecting VAT must be properly recognised, since VAT is a consumption tax and not a tax on businesses. VAT compliance costs are a major administrative burden for EU companies and reducing this burden would contribute significantly to increasing their competitiveness. These are the main challenges the EU is facing in the field of VAT. Consultation with stakeholders and businesses should take place and these parties should participate in the preparation and implementation of legislation in the field of VAT at EU and national level in order to ensure its uniform implementation throughout the EU and in order to create legal certainty."@en1
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