According to the 2023 VAT Gap Report, EU countries lost €99 billion in VAT revenues in 2020. Conservative estimates suggest that one-quarter of the missing revenues can be attributed directly to VAT fraud linked to intra-EU trade. In addition, VAT arrangements in the EU can still be burdensome for businesses, especially SMEs, scale-ups and companies operating cross-border.
Key actions proposed under ViDA will help EU countries collect up to €18 billion more in VAT revenues annually (€11 billion as a result of anti-fraud measures) while helping businesses, including SMEs, to grow.
https://taxation-customs.ec.europa.eu/taxation/vat/vat-digital-age-vida_en
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| dct:type | paaf:Driver |
| dct:modified | 2024-11-12 |
| dct:publisher | KU Leuven Public Governance Institute |
| dct:title | Policy note |
| skos:definition | Provide a link to the policy note or policy notes relevant for the FPA here.Note: Typically, the [Political responsible] of the [Focal Public Administration] will publish a Policy note (and probably update it several times during his legislation). This is an important driver for the FPA and a source of [Strategic assessments] that can (or even should) lead to specific [Strategic goals]. |