On March 17, 2017, TEI filed a response to the European Commission’s Public Consultation on the Reform of VAT Rates. The Consultation sought stakeholders’ views regarding the proper balance between harmonization and Member State autonomy in setting VAT rates, the problems and risks associated with differences in VAT rates within the single market, and the preferred direction for reform. TEI noted that the variation of VAT rates creates uncertainty for businesses and increases administrative costs; further, harmonization is essential to enable businesses to manage their VAT compliance efficiently and effectively.
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