The European Court of Auditors (ECA) concludes in its new report that the EU’s financial interests and the internal market are not sufficiently protected against import VAT fraud when simplified customs procedures are used. There are serious shortcomings in Member States’ controls and there are weaknesses in cooperation at EU level and between Member States to prevent abuse of these schemes.
Source: www.taxence.nl
Latest Posts in "European Union"
- EU Updates E-Invoicing Standard and Proposes Major Financial Sector Tax Reforms
- EU Approves EN 16931 E-Invoicing Updates, Proposes Financial Sector Tax Harmonization Reforms
- AG: Director Must Be Able to Appeal VAT Assessments Imposed on Company Under EU Law
- Andrés Ritter Appointed as New European Chief Prosecutor, Succeeding Kövesi in November 2026
- Reduced Hotel VAT Rate May Exclude Extras Like Breakfast, Parking, Wellness, Fitness, and WiFi
