VAT GAP: EU LOST €137 BILLION IN 2017

On 5th September, EU Reporter said that EU countries lost €137 billion in VAT revenues in 2017, according to a study released by the European Commission.  The VAT Gap describes the overall difference between the expected VAT revenue and the amount actually collected.  It has reduced somewhat compared to previous years but remains very high, highlighting once more the need for comprehensive reform of the EU VAT rules, as proposed in 2017 by the Commission.

https://www.eureporter.co/frontpage/2019/09/05/vatgap-eu-countries-lost-e137-billion-in-vat-revenues-in-2017/

The FAQ and factsheet are available –

https://ec.europa.eu/commission/presscorner/detail/en/qanda_19_5513

https://ec.europa.eu/taxation_customs/sites/taxation/files/vat-gap-factsheet-2019_en.pdf

And the report is at –

https://ec.europa.eu/taxation_customs/sites/taxation/files/vat-gap-full-report-2019_en.pdf

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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