Mind the VAT Gap, 8 February 2021

Feb 08, 2021

The European Commission (EC) is seeking feedback on a new Roadmap titled Mind the VAT Gap. The VAT Gap is the difference between expected VAT revenues and amounts actually collected. In 2018 the VAT gap reached €140 billion in the EU and could significantly increase due to COVID-19, according to the EC.

This initiative aims to help EU countries significantly reduce the VAT Gap, by sharing best practices and supporting implementation of effective action by tax authorities. Interested parties are invited to respond to the Roadmap on the VAT Gap by 3 March 2021.

For more information read about the Roadmap here