VATupdate

Europe urged to clamp down on growing greenhouse gases black market

The London-based Environmental Investigation Agency (EIA) has urged the European Public Prosecutor’s Office to launch an investigation into the illegal multi-million euro trade in climate-damaging hydrofluorocarbons (HFCs) in Europe.

“The illegal trade not only jeopardises the achievement of the EU’s climate objectives, but it has also resulted in the loss of approximately €77 million (£64.3m) a year in VAT and customs duties.”

Source: Energy Live News

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