Baker Tilly’s David Wilson warned that the UK’s muti-rate VAT regime will come under pressure at the European summit this week.
In a country-specific policy statement issued earlier this month, the European Council said, “To assist with fiscal consolidation, consideration should be given to raising revenues through broadening the tax base.”
However, Wilson dug around and uncovered a European Commission working document accompanying the official announcement that made it very clear that “broadening the tax base” meant VAT. This has been on the EC’s agenda for some time, but so far the UK has resisted reforming its VAT base, desp...
About John Stokdyk
AccountingWEB’s Head of Insight has been with the site since 1999 and likes to spend his time studying accountants’ technology habits. When not nerding out, you can find him exploring obscure indie music and searching for the perfect organic sourdough loaf from his base in Brighton, UK.