Tackling VAT fraud with increased reporting measures across Europe is integral to understand right now. To date, 13 countries have implemented these measures in attempt to combat fraud and close the “The VAT Gap”.
Nicholas Hallam has discussed the measures being implemented by EU Member States and how these may affect the UK taxpayer in an article for Accountancy Age. The article titled “EU tax authorities: Anti-fraud measures and a grab for cash” explains what is already in place, as well as proposed measures & highlights how the tax authorities are working together (MARD).
This article follows on from Hallam’s article earlier this year on how the European VAT landscape has struggled to modernise which discussed the inherent need for stricter anti-fraud measures. Sub-sequentially, this latest article provides a geographical overview of increased reporting methods with details on country specific reporting formats.