European Commission 22 July 1996, A COMMON SYSTEM OF VAT - A programme for the Single Market

COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 2 2 . 0 7 . 1 9 9 6 COM(96) 328 final A COMMON SYSTEM OF VAT A programme for the Single Market (presented by the Commission) TABLE OF CONTENTS INTRODUCTION 3 I. HISTORICAL BACKGROUND 5 H. A SYSTEM OF VAT WHICH IS SUITED TO THE DEMANDS OF THE SINGLE MARKET 9 1. THE LIMITATIONS OF THE PRESENT SYSTEM 9 1.1. A complex and subjective system 9 1.