EU FIGHTS FRAUD THROUGH MODERNISING E-INVOICING RULES AND EXCISE COMPUTERISATION

BY KEITH NUTHALL

THE EUROPEAN Commission believes a reduction in tax fraud will follow a new proposed reform to European Union (EU) VAT law telling member states to remove legal barriers to electronic invoicing. Brussels wants e-invoices given the same status as paper invoices in all 27 member states. This will help simplify tax controls and hence anti-fraud inquiries especially cross-border probes, says Brussels.
EU taxation Commissioner László Kovács said: "Current national VAT invoicing rules are excessively complicated and ...


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