Commission Implementing Regulation (EU) 2023/2493 of 15 November 2023 on the treatment for national accounts purposes of the non-collected VAT due to VAT fraud and due to insolvency (the discrepancy between theoretical VAT receipts and actual VAT receipts) for the application of Regulation (EU) 2019/516 of the European Parliament and of the Council on the harmonisation of gross national income at market prices
- The European Commission has issued Commission Implementing Regulation (EU) 2023/2493, which provides guidance on the treatment of non-collected value added tax (VAT) for national accounts purposes.
- The regulation aims to ensure the reliability, exhaustiveness, and comparability of gross national income (GNI) data.
- It clarifies the treatment of non-collected VAT due to VAT fraud and insolvency, which may require adjustments to the discrepancy between theoretical VAT receipts and actual VAT receipts.
- The regulation specifies methods for calculating non-collected VAT and outlines how it should be recorded in national accounts.
- Member States are required to include the value of non-collected VAT in their estimates of GNI, ensuring compliance with European system of accounts 2010 (ESA 2010) definitions and accounting rules.
- The regulation replaces Commission Decision 98/527/EC, Euratom and enters into force on the twentieth day following its publication.