Valuable insights from the EU VAT forum on EU’s penalty landscape!

The EU VAT Forum is a platform created by the EU Commission where business experts and local tax authorities get to discuss cross-border VAT issues.

Their latest report provides valuable insights on the different EU penalty regimes and is enriched with interesting EU country specific content, including:

• the level of penalties/interest rates;
• the applicable statute of limitations;
• policies on voluntary disclosures;
• situations leading to proportional penalties (penalties calculated as %);
• circumstances to have sanctions waived/reduced;
• thresholds for criminal procedures;
• possibilities of appeal and length of decision times.

Source: VAT Consult

See also

• EU VAT FORUM – report on administrative sanctions and interests
• Late payment interest on overdue VAT liabilities – An overview of a selection of EU countries

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