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Summitto’s take on the European Parliament’s report: how to reduce the VAT gap without increasing compliance costs?

Recently the European Parliament published an excellent report discussing how to improve the exchange of information and compliance to reduce the VAT gap. In the following we will provide an overview of the main findings and analyse the conclusions made in the report. We’ll start by discussing the size of the current VAT gap and the amount of VAT fraud committed on an annual basis.

Source: summitto.com

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