- The audit evaluated the protection of EU financial interests against VAT fraud on imports using simplified customs procedures.
- Gaps and inconsistencies were found in the EU regulatory framework.
- Serious weaknesses were identified in how member states ensure the correct VAT is collected.
- Challenges exist in cooperation between customs and tax authorities across member states.
- Recommendations include proposing regulatory changes for consistent application of procedures.
- Suggests analyzing benefits of mandatory transport evidence for customs procedure 42.
- Calls for improved cooperation between national customs and tax authorities.
Source: eca.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.
Latest Posts in "European Union"
- Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity
- European Commission Reviews EU Member States’ Use of VAT Rate Derogations
- Comments on ECJ C-535/24 (Svilosa) – VAT Deduction on Recovery Actions Not Considered Taxable Service
- CJEU Case C-726/23: Arcomet Towercranes Decision Clarifies Intra-Group VAT and Transfer Pricing Rules
- EU and Morocco reach agreement to extend preferential tariff treatment to Western Sahara
