The Irish Finance Department has announced a budgetary surplus of EUR1.47bn (USD1.58bn) in January 2017, which it attributed to buoyant value-added tax receipts.
In the 2017 Budget law, Italy confirmed a number of potential VAT increases. These will only be applied if the country fails to met a range of budget targets, including meeting the Euro currency 3% fiscal deficit rule.
The European Commission has launched a consultation on reforming the rules governing value-added ta (VAT) rates.
More than 80 percent of European tax professionals say complicated tax laws are hindering business growth on the continent, according to a new report from accountancy bodies ICAEW and EGIAN.
Irish Prime Minister Enda Kenny has said he "completely refute[s] allegations of Ireland being a tax haven."
Greece announced this week that it would not proceed with a planned VAT raise on certain holiday islands. The austerity measure has been agreed with major debtors of the country as part of a bail out programme stretching back to the Euro crisis.
A commission appointed by the Swedish Government to explore options for taxing air travel has recommended the introduction of a three-tier flight tax based on distance traveled.
The Irish Revenue has issued a reminder to Pay as You Earn (PAYE) workers that there is a four-year time limit to submit tax refund claims.
The Spanish Government announced a revenue-raising Budget on December 2 that will increase the tax take from corporations.
The UK's value-added tax gap - the amount lost due to evasion and avoidance - is expected to be broadly the same for the 2015-16 tax year as in 2014-15, HM Revenue and Customs (HMRC) has said.