VAT fraud: EC proposal for amendment to VAT Reg. (EU) No 904/2010
Released 30 November 2017
The European Commission has unveiled new tools to make the EU's VAT system more fraud-proof and close loopholes which can lead to large-scale VAT fraud.
The European Commission has proposed new rules on administrative cooperation between Member States' administrations in order to fight VAT fraud more efficiently. The proposed measures should improve the exchange of information between Member States' tax administrations and the coordination of their actions, including joint audits and initiate an operational cooperation between Member States' tax administrations in Eurofisc and law enforcement authorities at EU level.
The Amended proposal for a Council Regulation amending Regulation (EU) No 904/2010 as regards measures to strengthen administrative cooperation in the field of value added tax will now be submitted to the European Parliament for consultation and to the Council for adoption.