EU ROUND UP – EPPO SAYS VAT FRAUD ACCOUNTS FOR 47% OF EU-RELATED SCAMS
March 15th, 2023
The European Public Prosecutor’s Office (EPPO) has warned in its latest 2022 annual report that last year, cross-border VAT fraud accounted for 47% of the estimated EUR14.1 billion lost to frauds affecting European Union (EU) revenue and expenditure. That covers the 1,117 active EPPO investigations by the end of 2022, a year in which the office received and processed 3318 crime reports and opened 865 inquiries. The annual report noted that judges had frozen EUR359.1 million’s worth alleged criminal revenues following EPPO investigations in 2022, ...
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