VATupdate

The European Commission publish a study confirming billions lost in VAT Gap | Meridian

The European Commission publish a study confirming billions lost in VAT Gap | Meridian.

According to a study that was published by the European Commission, there has been a loss of an estimated €177bn in VAT revenues lost in 2012 because of non-collection or non-compliance. This is 16% of the total expected VAT revenue of 26 Member States, i.e.: The EU without Cyprus and Croatia.

For more information on the study click here or to see the press release click here.

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