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Tag Archives: Commissioner for Economic and Financial Affairs

VAT: EU Member States still losing almost EUR 150bn in revenues. The VAT Gap did increase in Romania, Finland, the UK, Ireland, Estonia, and France

EU countries lost almost EUR 150 billion in Value-Added Tax (VAT) revenues in 2016, according to a new study published on Friday by the European Commission. The so-called ‘VAT Gap’ shows the difference between the expected VAT revenue and the ...

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Romania reported the largest VAT gap in 2015 as EC report shows

EU countries lost an estimated total of EUR 152 billion in VAT revenues in 2015, according to a new study by the European Commission (EC). While average EU figures are improving, individual VAT collection performances vary significantly amongst Member States. ...

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