Mind the VAT gap

Apart from Brexit, businesses also need to keep an eye on the progress of European Commission proposals aimed at tackling Vat fraud across the EU, writes BDO's Ivor Feerick

24th November, 2017
EU countries losing out on €151 billion due to 'Vat gap'. Pic: iStock

These proposed changes stem from the European Commission’s focus on tackling the ‘Vat gap’, an estimated €151.5 billion of Vat receipts that EU member states lost out on in 2015 alone, which equates to a massive 12 per cent of expected annual EU Vat revenues.

It is estimated that more than 80 per cent of this ‘gap’ arises from Vat fraud on intra-community supplies of goods.

Tackling the Vat gap will involve...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 5 months ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Insight Todd G Buchholz 6 months ago

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 6 months ago