VAT News

EU/Norway-Fraud prevention deal concluded

Currently within the EU, the mutual assistance recovery directive ("MARD") is in place which enables tax authorities across the member states to share information in order to reduce levels of VAT fraud occurring, however no such deal exists with non-EU countries.

This week, the EU has concluded a deal with the Norwegian tax authorities which will allow for the sharing of information, and will also mean that assistance is given to recover unpaid VAT from businesses.

Related articles

UK MP Calls for Scrapping VAT Applied to Sunscreen

UK MP Chris Bryant calls for scrapping the 20% VAT rate applied to sunscreen products, encouraging more people to regularly use it.

Read more
Greek VAT Reductions Aims to Increase Tourism

On the eve of a European election, Greek Prime Minister Alexis Tsipras proposes a number of significant tax reductions focusing on increasing tourism to the country.

Read more
New 'Super Weapon' Against VAT Fraud In Europe

The Transactional Network Analysis quickly uncovers suspicious transactions and fraudulent VAT activity.

Read more