{"id":2260,"date":"2019-01-17T09:55:30","date_gmt":"2019-01-17T08:55:30","guid":{"rendered":"http:\/\/weekly.uhm.org.mt\/?post_type=article&p=2260"},"modified":"2019-01-17T09:55:30","modified_gmt":"2019-01-17T08:55:30","slug":"il-frodi-mill-vat-l-impatt-ekonomiku-l-isfidi-u-kwistjonijiet-ta-policies","status":"publish","type":"article","link":"http:\/\/weekly.uhm.org.mt\/en\/article\/il-frodi-mill-vat-l-impatt-ekonomiku-l-isfidi-u-kwistjonijiet-ta-policies\/","title":{"rendered":"VAT fraud: economic impact, challenges and policy issues"},"content":{"rendered":"

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In spite of\u00a0a comprehensive anti-VAT fraud regulatory framework, the EU Member States are losing billions of euros each year on account of fraud. As the EU VAT system is undergoing profound\u00a0modernisation, it is important to take stock of the current state of play and to assess the relevance and effectiveness of the current system and proposals for reform currently under discussion.\u00a0\u00a0<\/span><\/p>\n

In a study conducted by the TAX3 Committee within the European Parliament, it is being suggested that against this background, the first objective\u00a0is to clarify the features of the main\u00a0crossborder\u00a0VAT fraud schemes and to provide updated figures regarding the related loss of revenue for the EU Member States. The second objective is to present the existing EU anti-VAT fraud regulatory framework, together with the most recent proposals made by the European Commission towards the adoption of the \u2018definitive VAT system\u2019. The third objective of this study is to make selected recommendations.\u00a0\u00a0<\/span><\/p>\n

It is being recommended that there should be:\u00a0\u00a0<\/span><\/p>\n