Tag Archives: europe

Europe to Investigate McDonald’s Tax Links to Luxembourg

• The European Commission has announced an investigation into McDonalds’s tax arrangements with Luxembourg. • The issue is whether its special favoured treatment by Luxembourg amounted to illegal state aid. It is reported the deal let McDonalds pay no, or … Continue reading

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Greece to Use Banks to Collect VAT at Source

Greece has brought in a law to make banks collect VAT at source out of B2B transactions over €3,000 and B2C over €1,500. The idea is the banks hand over the VAT to the tax authorities inside a week, so … Continue reading

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UK Muddle Over Cider, Perry and EU Tax Rules

The UK’s exemption from taxing small cider and perry producers is at risk from Treasury muddle over EU tax rules. Currently cider makers producing less than 70 hectolitres, about 1,500 gallons, a year are exempt from duty, worth about £2,500 … Continue reading

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UK an Net Importer from EU

HMRC trade statistics for November 2014 again show the UK as a net importer with the EU. The value of EU sales to the UK (imports) were £18.5 billion, UK sales to the EU (exports) just £12.3b, a net trade … Continue reading

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VAT and MOSS for E-Services to EU from January 2015

The changes to e-trading into the EU started on 1st January 2015 and will have a big impact for any UK business selling business-to-consumer (B2C) to the EU. From 2015 digital services will taxed for VAT in the place of … Continue reading

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UK Pays £27.4 Billion for 100 European Regulations

The Open Europe think-tank has produced a list of 100 European rules and regulations which it says costs the UK £27.4 billion a year, more than is raised by council tax. Obviously there are benefits, but measuring these is more … Continue reading

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Committee Calls For Common EU Energy Tax System

In the EESC’s opinion, the member states of the EU must “rethink energy taxation” with a view to making it “uniform and smarter across Europe.” It suggested creating a common tax framework which would link the tax rate to the … Continue reading

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