Parliament backs measures to cut e-commerce VAT fraud MEPs supported measures on Tuesday designed to fight e-commerce VAT evasion that would help cut some of the €137 billion lost each year across the EU to VAT fraud. The measures, contained in two pieces of legislation spearheaded through the Parliament by Lídia Perreira (EPP, PT) and debated on Monday, require payment service providers to collect cross-border e-commerce payment records. A new central electronic storage system would be created so that anti-fraud authorities in member states can process payment information better. Administrative cooperation among the member states’ tax authorities and payment service providers will also be strengthened.

Parliament backs measures to cut e-commerce VAT fraud

17/12/2019 - Business, taxation and competition

MEPs supported measures designed to fight e-commerce VAT evasion that would help cut some of the €137 billion lost each year across the EU to VAT fraud.

• Procedure file: Directive - requirements for payment service providers
• Procedure file: Regulation - administrative cooperation in order to combat VAT fraud
• European Parliament research document - Tackling VAT fraud related to e-commerce
• European Commission homepage on the VAT gap
• MEPs supported measures on Tuesday designed to fight e-commerce VAT evasion that would help cut some of the €137 billion lost each year across the EU to VAT fraud.
  The measures, contained in two pieces of legislation spearheaded through the Parliament by Lídia Perreira (EPP, PT) and debated on Monday, require payment service providers to collect cross-border e-commerce payment records. A new central electronic storage system would be created so that anti-fraud authorities in member states can process payment information better.
  Administrative cooperation among the member states’ tax authorities and payment service providers will also be strengthened.(...)