- In June 2023, a large operation named Huracán involving over 2,000 investigators from 7 countries resulted in 5 arrests connected to a EUR 38 million VAT fraud scheme.
- The scheme involved the trade of over 10,000 cars, with an estimated fraudulent turnover of EUR 225 million.
- This highlights the importance for automotive companies to implement robust VAT compliance and control measures to avoid unwittingly becoming part of a fraudulent supply chain.
Source Niels Wenting
Latest Posts in "European Union"
- Comments on ECJ C-101/24 (Xyrality) – Judgment on app stores as VAT commissionaires
- ECJ Confirms Deemed Reseller Rule for App Store In-App Purchases
- VAT Challenges in Toll Manufacturing: Goods vs Services Classification Issues
- VAT and Transfer Pricing – Four recent cases @ ECJ/CJEU – 3 cases decided, 1 case pending
- Briefing document & Podcast: ECJ C-580/16 (Hans Bühler) – Late submission of recapitulative statements should not disqualify a business from exemptions
