“VAT fraud is a timing-issue” as VAT Prof. Dr. Redmar Wolf said in one of our previous blog posts. Therefore, it is essential to rapidly exchange VAT data between Member States. Several obligations, systems and institutions were put into place to realise this rapid exchange of data. The wide variety of tools resulted, as often happens in the VAT world, in many abbreviations. In the following we will try to provide some clarity regarding: the VAT Information Exchange System (VIES), Intrastat, Eurofisc and the Transaction Network Analysis (TNA).
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