Paolo Gentiloni, the Economy Commissioner, said: “Today’s figures show that efforts to shut down opportunities for VAT fraud and evasion have been making gradual progress – but also that much more work is needed. The coronavirus pandemic has drastically altered the EU’s economic outlook and is set to deal a serious blow to VAT revenues too.”
by Ulrika Lomas, Tax-News.com
Latest Posts in "European Union"
- 2025 Global VAT / GST Changes
- Understanding Fiscal Representatives
- Comments on ECJ C-375/24: Application of reduced VAT rate to puzzle books with number Sudokus
- EU Directive on New VAT Rules for Imported Goods Effective August 2025
- Enhancing VAT Compliance: Real-Time Reporting and Control Statements to Combat Fraud
