Tag Archives: vat compliance

Reverse Charge: How is the EU Combating VAT Fraud?

A crime only then becomes a favourite crime when it is profitable. Well, this is most certainly the case. EU member countries need to write off billions of Euros in VAT revenue each year due to fraud and inadequate tax collections systems. The loss in VAT is commonly known as the VAT gap, which is …

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VAT: The importance of being compliant

Compliancy is the practice of adhering to rules and regulations and making sure that these are met to a high standard. When it comes to VAT, it is highly important to follow VAT rules and regulations and stay compliant with them, or you could be fined or even face imprisonment. The rules of VAT vary …

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