EC reports on latest VAT Gap data
Released 05 September 2019
EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission (EC).
The so-called 'VAT Gap' - or the overall difference between the expected VAT revenue and the amount actually collected - has reduced somewhat compared to previous years but remains very high.
The Commission believes that the substantial VAT Gap again highlights the need for comprehensive reform of the EU VAT rules, as proposed in 2017, and increased cooperation between Member States to clamp down on VAT fraud and to make the rules work for legitimate businesses and traders.
Further information can be found here.