- EU finance ministers have agreed to give the European Public Prosecutor’s Office (EPPO) and OLAF more direct access to VAT data to combat cross-border VAT fraud.
- The new rules aim to improve cooperation and speed up investigations into schemes like carousel fraud, which cost the EU and member states billions annually.
- EPPO and OLAF will be able to access key VAT information, including data from Eurofisc, to better identify and act on suspicious transactions.
- The regulation amends existing rules to integrate EU investigative bodies more directly into VAT information flows, closing gaps between tax administration and criminal investigation.
- This measure aligns with broader efforts to digitalize VAT reporting across the EU by 2030, enhancing the quality and speed of information for authorities.
Source: eutoday.net
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.
