VATupdate

Share this post on

Ninth report from the Commission on VAT registration, collection and control procedures

April 7, 2022: REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL
Ninth report from the Commission on VAT registration, collection and control procedures following Article 12 of Council Regulation (EEC, EURATOM) No 1553/89

The European Commission has published its Screening and Diagnostic Report of VAT Administration in the EU containing a series of recommendations to help Member States improve their VAT revenue collection, control procedures and processes.

Fair and efficient taxation is crucial as the EU and the global community seek to recover from the fallout of the COVID-19 crisis. VAT, in particular, accounts for around 7% of EU GDP and is one of the biggest revenue sources for Member States.

However, VAT loss remains a concern; by providing a snapshot of current VAT practices in EU countries, the report highlights experiences and best practices in dealing with administrative issues and recommends digitalising VAT registration and administration, thereby making life less burdensome for businesses.

The report highlights strategies that tax administrations could adopt in their internal organisation and interaction with taxpayers that would improve processes for both tax authorities and businesses.

Source ec.europa.eu 

Sponsors:

VAT news

Advertisements:

  • vatcomsult