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
Brexit isn’t the only EU changethat will disrupt businesses that export. Very soon after the dust settles on Brexit, new and somewhat more onerous Vat rules will be introduced throughout the remaining 27 European Union member states.
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 ...
