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\n Responses to the BEFIT consultation<\/a> will feed into the European Commission\u2019s thinking around any proposals for common corporate tax rules. Adoption<\/a> of these proposals is still noted as the third quarter of 2023.\u00a0<\/p>\n Around two-thirds of public consultation survey respondents (50\/77) agree or strongly agree that the current situation, with 27 different national corporate tax systems, gives rise to problems in the internal market. However, some business associations are happy with the status quo.\u00a0<\/p>\n Taxpayers and administrations expressed mixed views as to whether the proposed approach would lead to simplification. There was also no consensus on compliance costs: some thought that compliance costs would increase, whereas others thought that harmonisation might lower compliance costs.\u00a0<\/p>\n Other points to note include:\u00a0<\/strong><\/p>\n Read more on views expressed during the consultation process:\u00a0<\/strong><\/p>\n<\/div>\n ICAEW’s Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.<\/p>\n
\n The European Commission has published responses to the consultation on its proposals for a common set of corporate tax rules across member states, known as Business in Europe: Framework for Income Taxation (BEFIT).
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