Tag: VAT

#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 – 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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#FairTaxation: Commission proposes new tools to combat VAT fraud

#FairTaxation: Commission proposes new tools to combat VAT fraud

| November 30, 2017 | 0 Comments

The European Commission has today (30 November) unveiled new tools to make the EU’s Value Added Tax (VAT) system more fraud-proof and close loopholes which can lead to large-scale VAT fraud. The new rules aim to build trust between member states so that they can exchange more information and boost co-operation between national tax authorities […]

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European Commission proposes far-reaching reform of EU #VAT system

European Commission proposes far-reaching reform of EU #VAT system

The European Commission has today (4 October) launched plans for the biggest reform of EU VAT rules in a quarter of a century. The reboot would improve and modernize the system for governments and businesses alike. Overall, more than €150 billion of VAT is lost every year, meaning that member states miss out on revenue […]

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#VATGap: Nearly €160 billion lost in uncollected revenues in the EU in 2014

#VATGap: Nearly €160 billion lost in uncollected revenues in the EU in 2014

| September 6, 2016 | 0 Comments

€159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission today (6 September). Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called VAT Gap) amounted once again to an unacceptably high yearly figure. […]

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#VAT: European book publishers welcome the adoption of the VAT action plan by the Commission

#VAT: European book publishers welcome the adoption of the VAT action plan by the Commission

| April 8, 2016 | 0 Comments

On 7 April 2016, the European Commission adopted its Action Plan on Value Added Tax. The Action Plan includes a ‘Proposal for removing VAT obstacles to cross-border, e-commerce, e-publications’. Book publishers are investing important resources to offer the benefits of technological developments to their readers. They also invest in standardization, including through the ePub standard, […]

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