11.12.21
Study on ways to reduce the VAT Gap
The European Parliament has been looking into ways of reducing the VAT gap- and has published a study to this effect. There was a particular focus on cross-border VAT fraud, which amounts to a colossal 50 billion Euros per year. The total VAT gap in Europe is estimated to be 165 billion Euros.
There have been a few measures which are seen as generally promising in reducing the VAT gap, including:
- Accelerating the adoption of EU mandatory electronic invoice ‘Generalised EU VAT number’; and
- Accelerating the move towards a central electronic system
A binding EU-wide mandate for electronic invoicing is part of one of two proposed scenarios.
Compliance is complicated
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Browse European Union updates
Extension of fraud reverse charge measure
- Country updates
Public consultation – VAT in the digital age
- Country updates
European Parliament and the harmonisation of e-invoicing
- Mandate information
VAT in the digital age – public consultation
- VAT/G(S)ST rate information
EU Council reaches agreement on updated rules for VAT rates
- VAT/G(S)ST rate information
Publication of the new VAT Gap report (2021)
- Country updates
EU Commission work program 2022
- Country updates
Study on ways to reduce the VAT Gap
- Mandate information
European Union VAT Directive 55
- Mandate information
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