ARTICLE · 04 DECEMBER 2015

Single VAT Return: Is It Back To The Drawing Board?

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Not long ago I wrote about the single VAT return and how it may be the endgame for complexities across the EU.

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Not long ago I wrote about the single VAT return and how it may be the endgame for complexities across the EU. Fast forward two months, and it would appear that the endgame has come much sooner than expected.

The developments around this initiative have been thickening more than the plot of a Brazilian soap opera, and in the latest twist, it appears the only victim of the endgame is the single VAT return itself.

Why?

Latest information from the European Commission indicates that they have decided to swipe left, taking this project off their agenda moving forward. It appears the prospect, while attractive at first, turned out to be too high maintenance, lacked substance and was incredibly inflexible.

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