On the strength of a submission from RTvat to the High Level Group of Independent Stakeholder on Administrative Burdens (also known as the Stoiber Group), the Commission has recognised the role of that the introduction of a real time VAT collection could have in reducing the high administrative burdens that blight the existing EU VAT system.
On 22 October last in a Communication from the Commission to the European Parliament and the Council entitled "Action Programme for Reducing Administrative Burdens in the EU", a real time VAT system is listed for consideration by the incoming Commission in 2010. The full report is available at http://ec.europa.eu/enterprise/policies/better-regulation/files/com_2009_544_main_fr.pdf.
The findings on real time VAT can be found in the Annex, setting out recommendations on page 88 under point 11 – "sectoral reduction plan for taxation".
This is a welcome recognition for the RTvat model.
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