Daily Tax Report ®

EU Plan to Give Small Businesses Tax Break Proves Divisive

Nov. 5, 2019, 7:20 PM

EU member countries remain divided over a proposal to exempt small businesses from paying value-added taxes.

The European Commission wants to change VAT rules so that businesses with a national turnover of less than 100,000 euros ($111,000) and domestic turnover of less than 85,000 euros won’t have to pay VAT. But several member countries and business organizations oppose the thresholds, partly because they conflict with their own levels.

If the countries don’t reach a compromise on the thresholds, then other measures to simplify tax compliance for small businesses, which are part of the same package of proposed legislation,...

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