VAT News:

Tackling VAT Fraud: Possible Ways Forward

VAT fraud, and in particular the so-called carousel or missing trader fraud, is highly important on the political agenda in several Member States. It is a type of fraud involving relatively few persons but the amounts at stake are considerable. However, it is obvious that there are other types of fraud like black economy, false deductions or under-reported supplies which also contribute to the losses in VAT receipts.

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