Global menu

Our global pages

Close

Eversheds comment: 2016 start date illustrates ongoing challenges for EU FTT

  • United Kingdom

    06-05-2014

    Commenting on news that a EU-wide FTT is set to be effective from 2016, Ben Jones, tax expert at law firm Eversheds, says:

    “Given that on original conception, the FTT was scheduled to commence on 1 January 2014, and that the later proposals under enhanced cooperation were intended for implementation mid-2014, this revised 2016 start date illustrates the difficulties being faced by even the 11 willing member states in reaching agreement on this tax. Even if the participating member states can eventually agree, there remains the potential for further legal challenge to the tax by non-participating member states, following the UK’s recent challenge in the European Court of Justice, which failed for being premature rather than on substantive grounds.”

    Ben Jones, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF

    © Eversheds Sutherland 2021. All rights reserved. Eversheds Sutherland is a global provider of legal and other services operating through various separate and distinct legal entities.

    Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.