PROTECTION OF EU FINANCIAL INTEREST ON CUSTOMS AND VAT: CO-OPERATION OF NATIONAL TAX AND CUSTOMS AUTHORITIES TO PREVENT FRAUD

On 9th April, the EU Parliament released an excellent, informative Study which says that the losses from customs and VAT fraud impact the Member States’ contributions to the EU budget.  This study aims to describe the current levels of fraud and map and analyse the effectiveness of the EU co-operation measures in tackling fraud.  The first conclusion is that the lack of methodology for measuring customs gap or its elements, such as losses from customs fraud, prevents tailored risk-based policy responses.  As a second conclusion, current co-operation channels are underused, but recent developments have been positive and new proposals are expected to strengthen the joint fight against fraud.  It is said to be clear that the customs duties and VAT-based contribution to own resources would be larger and resulting total national contributions to the EU budget fairer, if fraud in these areas was tackled more efficiently.

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http://www.europarl.europa.eu/RegData/etudes/STUD/2019/636470/IPOL_STU(2019)636470_EN.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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