01992550721 mw@meyerwilliams.com

Simpler VAT system mooted

11th March 2011

As part of its review of the small business tax regime, the Office of Tax Simplification (OTS) has put forward suggestions on the way that the VAT system can be streamlined and made easier to manage.

Among the proposals that are to be set before the Government is a simplified process for handling VAT charges when trading in the EU.