EU Parliament Calls for Stronger Coordination Against VAT Fraud

• The European Parliament called for stronger EU anti-fraud safeguards in the next long-term EU budget, with adequate funding for OLAF, the EPPO, and other anti-fraud bodies.
• MEPs want common coordination rules, a single reporting system, and digital tools to reduce compliance burdens, especially for smaller businesses.
• They urged faster sharing of VAT transaction data through Eurofisc, with AI-based analysis to identify suspicious cross-border VAT fraud in real time.
• The Parliament wants OLAF and the EPPO to have effective access to EU VAT and payment data, backed by clear, binding information-sharing rules.
• MEPs also called for assets confiscated in EPPO cases to be returned to the EU budget, with transparent reporting on amounts recovered.

Source: etaf.tax

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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