TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Elimination of VAT Double Taxation

The European Commission has launched an online consultation on the possible introduction of a mechanism for eliminating double taxation in individual cases.

The consultation document is available at http://ec.europa.eu/taxation_customs/resources/documents/common/consultations/tax/double_taxation_en.pdf.

The document examines two possible approaches:

  • Removal of the obligation to pay the amount of VAT demanded a second time until the dispute giving rise to the double taxation has been resolved between the Member States concerned.
  • Elimination of the double taxation itself by introducing a procedure for mutual agreement between the tax administrations of the various Member States concerned; if this procedure failed, the matter could be resolved by arbitration.
  • Interested parties are invited to submit their comments by 31 May 2007.