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.
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Browse European Union updates
Strategic agenda EU Council published
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Proposal for reduced rates for recyclable products
- VAT/G(S)ST rate information
Carbon Border Adjustment Mechanism (CBAM) draft law
- Other applicable taxes
Commission survey requesting e-invoicing feedback
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Carbon border adjustment mechanism – CBAM (other taxes)
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ViDA legislative process framework
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EU and Singapore – Digital Partnership
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VAT in the digital age – extension of feedback period
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VAT in the Digital Age (ViDA) proposal
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Carbon border adjustment mechanism
- Other applicable taxes