- Commission Implementing Regulation on the treatment of non-collected VAT for national accounts purposes
- Aim to ensure reliability, exhaustiveness, and comparability of gross national income data
- Clarification needed for treatment of non-collected VAT due to fraud and insolvency
- Adjustment may be required for discrepancy between theoretical and actual VAT receipts
- GNI aggregates should comply with European system of accounts rules
- Repealing Commission Decision 98/527/EC, Euratom
- Member States to calculate non-collected VAT using methods in Annex
- Calculation based on theoretical and actual VAT receipts and missing revenue
- Three options for estimating non-collected VAT depending on source of actual receipts
Source: eur-lex.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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