VAT news tagged as "EU VAT gap"


EU VAT Gap shrinks to €147.1billion

September 21st, 2018

The latest estimate for missing EU VAT from the European Union, the VAT Gap, has shrunk to €147.1 billion in 2016 from €157.7 billion in 2015. This represents a revenue gap of 12.2%. In terms of tax base, the gap has improved from 13.2% of VAT due down to 12.3%. The VAT Gap is a …


Germany – marketplaces liable for missing VAT

February 22nd, 2018

The new German governing coalition (CDU, CSU, and SPD)  is planning legislation to make online marketplaces potentially liable for any unpaid VAT of merchants operating on their websites. If the marketplace is shown that they failed to prevent ‘dishonest’ merchants, they would be held liable for unpaid VAT. The UK has already implemented similar laws. The …


Romania limited VAT split payments March 2018

January 22nd, 2018

Romania has implemented a limited VAT split payments regime from 1 March 2018 in attempt to reduce VAT losses and fraud. From 1 January 2018, Romanian tax payers in financial difficulties must establish VAT Bank Accounts for the secure receipt of VAT receipts and onwards remittance to the tax authorities.  The criteria for the requirement …


EU VAT Gap falls to €152bn

September 28th, 2017

The latest analysis of missing EU VAT (the ‘VAT Gap’) from fraud, bankruptcies and poor administration, has fallen to €151.5 billion in 2015. This compares to €159.5 billion in 2014. The latest estimate of unaccounted for VAT represents 12% of the anticipated collections based on economic activity and VAT rates across the 28 EU member states.  …


EU VAT Gap shrinks to €160billion

September 6th, 2016

The estimate for ‘missing’ EU VAT, the ‘VAT Gap’ has fallen to €160billion as at 2014. This is a drop of €2.5 billion on 2013. The drop is being put down to an improving European economy and better fraud-detection measures by member states. The VAT Gap Each year, the European Commission works with the 28 …