The EC has adopted two reports on VAT fraud within the EU. The first report looks at VAT collection and control procedures across the member states. It concludes that member states need to modernise their VAT administrations in order to reduce the VAT gap, which was around €193bn in 2011. It also makes recommendations to individual member states.
The second report looks at how effectively administrative co-operation and other available tools are being used in order to combat VAT fraud in the EU. It suggests that more effort is needed to enhance cross-border co-operation and recommends solutions such as joint audits, administrative co-operation with third countries, more resources for enquiries and controls and automatic exchange of information amongst all member states on VAT.
The EC has adopted two reports on VAT fraud within the EU. The first report looks at VAT collection and control procedures across the member states. It concludes that member states need to modernise their VAT administrations in order to reduce the VAT gap, which was around €193bn in 2011. It also makes recommendations to individual member states.
The second report looks at how effectively administrative co-operation and other available tools are being used in order to combat VAT fraud in the EU. It suggests that more effort is needed to enhance cross-border co-operation and recommends solutions such as joint audits, administrative co-operation with third countries, more resources for enquiries and controls and automatic exchange of information amongst all member states on VAT.
