EU VAT fraud public prosecutor office established by 20 states

31 October 2017

An anti VAT fraud public prosecutor’s office will be established by 20 EU member states and will primarily focus on the EU trading block’s estimated €50bn VAT fraud issue.

The new department will come into place by 2020 and will be based in Luxembourg. It will be made up from seconded prosecutors from each participating member state.

Its immediate remit will be to track and co-ordinate investigations into cross-border missing trader fraud. This is where criminal gangs exploit the EU VAT regime on nil-VAT ratings for intra-community supplies.

The eight EU states that have declined to join the new initiative are the Netherlands, Sweden, Hungary, UK, Poland, Ireland, Malta and Denmark.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UPDATE: EU warns 14 member states on delay in...

The European Commission (EC) has issued formal notice letters to 14 European Union (EU) member states, warning them on their failure to implement the four...

SEE MORE
LATEST NEWS

France relaxes conditions for Import VAT Postponed...

From January 2021, France will drop all requirements on businesses who are entitled to use the Import Value-Added Tax (VAT) Postponed Accounting regime in the...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.