VATupdate
VAT

European Commission – ”Mind the VAT Gap”: overview and analysis of best practices and experiences of Member States for reducing the VAT Gap

The VAT gap (the difference between expected VAT revenues and amounts actually collected) in the EU reached around EUR 140 bn in 2018 and could rise to over EUR 160 bn due to COVID-19. For EU countries to recover from this crisis, the VAT gap needs to be reduced significantly.

Some countries’ experience shows that the VAT gap can be cut significantly through effective action by tax authorities.

This initiative will help EU countries by sharing best practices and supporting implementation.

Roadmap closed on March 3, 2021 & input has been shared

Source ec.europa.eu

Sponsors:

Advertisements:

* click here if you have interesting news to share *