Study Shows EU177 Bln Lost in ‘VAT Gap’ in 2012, EU Says
2014-10-23 10:56:00.359 GMT
By Jones Hayden
Oct. 23 (Bloomberg) -- An estimated EU177 billion in VAT
revenue was lost due to non-compliance or non-collection in
2012, according to VAT Gap study published by the European
Commission.
* “This equates to 16% of total expected VAT revenue of 26
member states,” EU says in statement
* EU statement: http://goo.gl/wX8qSI
* VAT Gap report: http://goo.gl/vVVWXL
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jhayden1@bloomberg.net
2014-10-23 10:56:00.359 GMT
By Jones Hayden
Oct. 23 (Bloomberg) -- An estimated EU177 billion in VAT
revenue was lost due to non-compliance or non-collection in
2012, according to VAT Gap study published by the European
Commission.
* “This equates to 16% of total expected VAT revenue of 26
member states,” EU says in statement
* EU statement: http://goo.gl/wX8qSI
* VAT Gap report: http://goo.gl/vVVWXL
For Related News and Information:
First Word scrolling panel: {FIRST <GO>}
First Word newswire: {NH BFW <GO>}
To contact the editor responsible for this story:
Jones Hayden at +32-2-285-4312 or
jhayden1@bloomberg.net