| THE UK's
Chartered Institute of Taxation (CIOT) has positively perceived the plans
for a European Taxpayer's Code, the proposal for which were included in
the European Commission's Action Plan on tax fraud and evasion thus supporting
the concept as one that can improve compliance and enhance confidence in
tax systems. According
to the CIOT, the eventual model adopted is unlikely to be significantly different
to the Model Taxpayers Charter. The Charter
contains a blueprint of the rights and responsibilities that a good tax system
should contain.
The
CIOT is however concerned about the potential impact of a parallel Commission
recommendation for an EU-wide system of taxpayer identification numbers (TINs).
The Commission contends that the creation of an EU TIN might constitute the
best solution to overcome the current difficulties faced by member states
in properly identifying all their taxpayers engaged in cross border operations. The
CIOT points out that while many member states already use TINs, others, including
the UK, do not.
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