Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-156-000"

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"en.20111013.19.4-156-000"2
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"VAT is a significant source of income for each national budget. Unfortunately, varied approaches to the VAT system among Member States frequently result in complications, especially in the case of international transactions. In this regard, the proposal to move towards a ‘broad based’ VAT system seems promising. We should also support the proposals concerning the reduction of red tape, for example, the suggested reduction in the frequency of periodic VAT returns, the development of a system for the electronic submission of VAT returns and the simplification of VAT exemption regulations. These measures will naturally have a positive impact on business activities in situations where payments are delayed by foreign partners. I regard as very effective the proposal for a Standard European Invoice, particularly in its electronic form. It will allow for the more transparent, clear and organised management of documentation. In the case of entrepreneurs, it will also simplify the process of making claims for faulty goods or services. I support the resolution, and I also advocate harmonised VAT rates for similar goods and services."@en1

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