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EU backs away from harmonised VAT rate

  • VAT
  • 04 October 2011 | Richard Asquith

EU backs away from harmonised VAT rate

The European Commission is expected this week to announce that it will not pursue a single VAT rate policy for the all 27 member states.

The latest proposals for the committee investigating reforms the European VAT system, Economic and Monetary Affairs Committee, are to be discussed by the European Parliament. It is understood that debate on imposing a single rate across the EU will not be raised. Instead, the committee will continue to focus on the problems of VAT fraud, believed to cost the European Union several billion each year in lost tax revenues.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.