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This article is brought to you in association with the European Commission. EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the overall difference between the expected VAT revenue and the amount actually collected – has reduced […]
The European Commission published yesterday a study on Value Added Tax (VAT) evasion and fraud in the 27 EU member states, estimating the lost state incomes from this source at €193 billion only in one year, 2011. This is the difference between the actuall and the potential receipts from VAT, that is the VAT GAP. […]
