EU VAT regulations (1)

The problem essentially lies in that each EU Member State makes its own interpretation of the Directives, leading to considerable differences in approach between countries - for example, the current EU members' basic VAT rates vary between 13% (Madeira) and 25% (Sweden). Many businesses in the new EU Member States, including various Polish ventures providing cross border services, do not understand the importance of registering or indeed how to register, and could face heavy penalties/fines.

For further information contact Andrzej Krawczyk, Cardvat Poland, Tel: 00 48 22 826 24 86, Email: andrzejkrawczyk@cardvat.pl