The EU Commission reviews VAT treatment on insurance

The EU Commission is reviewing the VAT treatment of financial services and insurance. Commenting on the appraisal, ABI director of financial regulation and taxation, Peter Vipod, said: "We are pleased that the EU Commission recognises the current VAT regime does not meet the needs of the 21st Century and we urge Member States to use the review to enhance the EU's competitiveness in a global economy."

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