In December 2022, the European Commission (EC) proposed a series of measures to modernize and make the EU's Value-Added Tax (VAT) system work better for businesses and more resilient to fraud by embracing and promoting digitalization. The proposal aims to address challenges in the area of VAT raised by the development of the platform economy.
The EC estimate that in 2022, EU Member states lost €93 billion in VAT revenues (known as the VAT Gap). They estimate one quarter of the missing revenues can be attributed to VAT fraud linked to intra-EU trade.
The EC are proposing actions to collect up to €18 billion more in VAT revenues annually. The main proposals are:
1...
To read and download this content you need to be registered.
Become a member to access all content and / or download it