The UK’s Treasury has been urged this week to reconsider its plans to remove a tax concession on staff hired by companies on a temporary basis which would leave them subject to VAT charges.
In a long-awaited revision of its VAT Act, the German cabinet has this week confirmed its decision to deprive monopoly giant, Deutsche Post, of a tax advantage bestowed until now, by extending the benefit to the mail carriers’ competitors from January 1, 2010.
Members of the European Parliament have backed an update of the rules regarding the value-added tax treatment of financial services and insurance, with a number of amendments.
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