Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to protect UK businesses from additional paperwork arising from measures by the European Commission to standardise VAT returns.
The UK’s current VAT return and associated procedures are supported by businesses. As the Office for Tax Simplification said in its recent report –Review of the Competitiveness of the UK Tax Administration – “The UK’s VAT return always wins praise for simplicity…”. The Government is committed to retaining that simplicity and continues to press for that in the EU.