EU: New measures proposed to counter VAT fraud | KPMG | GLOBAL

EU: New measures proposed to counter VAT fraud

EU: New measures proposed to counter VAT fraud

The European Commission today unveiled new measures intended to make the EU's value added tax (VAT) system more fraud-proof and to close loopholes that may lead to large-scale VAT fraud. The new measures are intended to enable EU Member States to exchange more information and to boost cooperation among the national tax authorities and law enforcement authorities.

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As noted in today’s EC release, tax authorities of the EU Member States already exchange some information on business and cross-border sales, but this cooperation relies heavily on the manual processing of information. Today's proposals would: 

  • Strengthen cooperation among the EU Member States
  • Allow new lines of communication and data exchange between tax authorities and European law enforcement bodies on cross-border activities suspected of leading to VAT fraud
  • Allow for sharing of key information on imports from outside the EU
  • Include information sharing on cars

These legislative proposals will be submitted to the European Parliament for consultation and to the Council for adoption. 

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