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Parliament backs measures to cut e-commerce #VAT fraud

Parliament backs measures to cut e-commerce #VAT fraud

| December 18, 2019

MEPs supported measures on Tuesday (17 December) designed to fight e-commerce VAT evasion that would help cut some of the €137 billion lost each year across the EU to VAT fraud. The measures, contained in two pieces of legislation spearheaded through the Parliament by Lídia Perreira (EPP, PT) and debated on Monday (16 December), require payment service providers […]

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#VATGap – EU countries lost €137 billion in VAT revenues in 2017

#VATGap – EU countries lost €137 billion in VAT revenues in 2017

| September 5, 2019

EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017, according to a study released by the European Commission today. The VAT Gap describes the overall difference between the expected VAT revenue and the amount actually collected. It has reduced somewhat compared to previous years but remains very high, highlighting once more the […]

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Commission welcomes agreement on new rules paving the way for better #VAT collection on online sales

Commission welcomes agreement on new rules paving the way for better #VAT collection on online sales

| March 14, 2019

The Commission has welcomed the agreement reached by member states on detailed measures needed to simplify VAT rules for sales of goods online, also ensuring that online marketplaces play their part in the fight against tax fraud. The new rules agreed today will ensure a smooth introduction of the new VAT measures for e-commerce agreed in […]

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#VAT – Council adopts short-term fixes to current EU system

#VAT – Council adopts short-term fixes to current EU system

| December 5, 2018

The Council adopted three short legislative acts aimed at adjusting some of the EU’s VAT rules in order to fix four specific issues pending the introduction of a new VAT system. These relate to: Call-off stock. The text provides for a simplified and uniform treatment for call-off stock arrangements, where a vendor transfers stock to […]

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Green light for #VAT overhaul to simplify system and cut fraud

Green light for #VAT overhaul to simplify system and cut fraud

| October 8, 2018

MEPs last week backed the bulk of the European Commission’s proposed reform of the VAT system, while proposing some adjustments, such as to set a maximum VAT rate. Two pieces of legislation were put to the vote. One aims to facilitate trade, especially for SMEs, within the single market and reduce VAT fraud (adopted by […]

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#VAT – Member states still losing almost €150 billion in revenues according to new figures

#VAT – Member states still losing almost €150 billion in revenues according to new figures

| September 24, 2018

EU countries lost almost €150 billion in Value-Added Tax (VAT) revenues in 2016, according to a new study published by the European Commission. The so-called ‘VAT Gap’ shows the difference between the expected VAT revenue and the amount actually collected. While member states’ have carried out a lot of work to improve VAT collection, today’s […]

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#VAT – European Commission welcomes adoption of new tools to combat fraud in EU

#VAT – European Commission welcomes adoption of new tools to combat fraud in EU

| June 26, 2018

The Commission has welcomed the general approach reached by member states on new tools to close loopholes in the EU’s Value Added Tax (VAT) system. These inconsistencies can lead to large-scale VAT fraud causing losses of €50 billion for national budgets of EU member states each year. Proposed by the Commission in November 2017, the […]

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