EU ROUND UP – EU PUSHES VAT FRAUD REFORMS
July 1st, 2018
A COMPREHENSIVE reform of European Union (EU) VAT reform, designed to reduce opportunities for VAT fraud, and helping regulators and law enforcers fight such crime has been approved by the EU Council of Ministers. It includes standardising communications between VAT regulators and insisting on more automatic tip-offs of suspicions about cross-border fraud. The regulation insists on IT systems increasingly replacing manual VAT data processing, with VAT intelligence associated with organised financial crime groups being shared systematically between customs, tax ...
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