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EU IVA reform scuppered

euThe EU's attempt to introduce a uniform sales tax form for businesses has come unstuck.

The use of a standardised new report form was intended to help businesses by eliminating the different ways they accounted for VAT/IVA returns and to make taxation easier for companies trading outside their own country.

October misery for Portugal's Stock Exchange

euromillions2Portugal Telecom, Jerónimo Martins, Mota-Engil and Millennium BCP were the listed companies that suffered the largest losses on the Lisbon stock exchange during October.

The exchange has witnessed seven months of share price falls for Portugal’s major companies in the longest cycle of losses since the 11 month period ending January 2012.

Portugal's 'Green tax' rebates to benefit only companies and the better off

olivetreeThe Minister for Environment, Moreira da Silva continued today to claim that money raised from the new "green taxes" included in the 2015 State Budget will help all of our futures by the allocation of tax credits to businesses to encourage "energy efficiency."

"Fiscal neutrality must be achieved every year and in future the strategy of recycling the revenue from green taxes should contribute not only to income tax relief for families, but also for the allocation of tax credits to companies for investments in energy efficiency," argued the minister.

€190 million EuroMillions lottery winner claims prize

euromillionsThe Gaming Department of Santa Casa da Misericordia de Lisboa today reported that the €190 million EuroMillions jackpot has been claimed.

The organiser said, "we have completed all the formalities for payment of the prize."

Boarding gate staff on strike at Faro airport this weekend

airplane2The operators of the telescopic bridges at Faro International Airport have decided to strike this weekend in a claim over health insurance, their professional category and career progression issues, according to an announcement today from their union.

After the 2007 winding up of the company for whom they worked, 12 workers were taken on by handling company Portway which is responsible for checking-in passengers and the loading and unloading of aircraft.

British slammed for lack of activity

couchpotatoPeople in Britain are one of the least active in Europe warns a pivotal report.

Public Health England found that the population is now 20% less active than it was in the 1960s. It says that two thirds of the nation is failing to engage in physical activity.

NHS funds some hospital treatments abroad

nurseMore than 600 Britons have been able to use an EU directive to get their surgery abroad funded by the NHS.

The EU Directive on Cross-Border Healthcare gives British patients the right to receive some treatments anywhere in the EU and then reclaim the cost from the NHS provided the treatment is medically necessary.

No fuel at Petrofer filling stations - workers not paid for 2 months

PETROFEREmployees of the Algarve's largest independent filling station company 'Petrofer' today demanded that the management pay their wage arrears, a situation that is now affecting the majority of the company's 54 employees who are at least 2 months behind in receiving their pay packets.

Cátia Morais, of the Trade Union committee dealing with Petrofer said that her workers have grievances including the absence of any fuel to sell, and the absence of any stock in the retail units at the Algarve’s 14 filling stations.