First Vice-President Frans Timmermans:
The REFIT programme seeks to identify opportunities for simplification and reducing unnecessary costs every time the Commission proposes to revise existing law. The initiatives that result from this work are included each year in the Commission's work programme and can be monitored in the REFIT Scoreboard.
REFIT can show results: In the first three years of the Juncker Commission, more than 130 new initiatives to simplify and reduce regulatory burdens have been proposed to Council and Parliament. More than 80% of all REFIT initiatives include a quantification of regulatory costs and more than 60% include a quantification of regulatory benefits. Important savings to citizens, business and public administration can be achieved once REFIT initiatives proposed by the Commission are confirmed by the legislator and fully implemented by Member States.
Examples include waste where clear and more ambitious targets for waste prevention and recycling could bring savings of 1.3 billion per year, VAT where a proposal to extend a One-Stop-Shop to online sales and allow business to declare VAT in the Member State it is established is expected to reduce compliance costs for businesses €2.3 billion a year, derivative rules in the financial sector which are expected to save business € 9.56 billion, the Single Digital Gateway that could help companies save more than € 11 billion per year or a revised legislation on Veterinary medicines cutting costs by an estimated € 145 million.
Achievements and results within REFIT and the work under way extend over 9 out of 10 Commission priority areas and are summarized in thematic fiches.