VAT FRAUD
April 1st, 2004
Keith NuthallA CHECKLIST of stopgap reforms to staunch the flow of fraud within European Union (EU) VAT collection systems has been proposed by a European Commission ready to admit that comprehensive change is politically unacceptable to member states. Aware that countries such as Britain are all too ready to veto tax harmonisation proposals, the Commission warns current estimates say governments lose up to 10 per cent of VAT receipts to fraud. In a report, it has suggested that EU governments make better use of existing administrative cooperation arrangements to ...
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