A NEW VAT (Value Added Tax) system that would make it easier for business, less costly for government and reduce the multi-billion euro VAT fraud is being touted by the European Commission.

PLANS to harmonise the way corporate tax is calculated across the EU will undermine the Irish economy, Fianna Fáil MEP Eoin Ryan has warned.

TO VAT or not to VAT nappies is exercising the minds of the European Commission.