While overall VAT revenues may have dropped in 2020 due to COVID-19, VAT compliance actually improved across the EU that year.
Find out how your country fared in the 2020 #VATGap report:
👉https://europa.eu/!PQMH7f
@EU_Taxud

🐦🔗: https://n.respublicae.eu/EUPublications/status/1633731859573256192

Always wanted to learn about the EU #VATGap but were afraid to ask?

We’ve got you covered.

Find out how €93 billion in VAT revenues were lost in 2020, and how EU action can help buck the trend.

👉 https://europa.eu/!THJ9w9

🐦🔗: https://n.respublicae.eu/EU_Taxud/status/1628749016073703426

The latest #VATGap report revealed that EU Member States lost out on €93 billion in VAT revenues in 2020.

But significant differences remain between countries.

Check out the 2020 figures

👉 https://europa.eu/!THJ9w9

🐦🔗: https://n.respublicae.eu/EU_Taxud/status/1626230187187912704

VAT is a key source of revenue that helps governments invest in public goods and services, like

🏫 schools
🏥 hospitals
🚂 transport

That’s why VAT compliance is so important – for all of us.

More about VAT compliance in the EU 👉 https://europa.eu/!THJ9w9

#VATGap

🐦🔗: https://n.respublicae.eu/EU_Taxud/status/1623668046911995906

#DYK - While overall VAT revenues may have dropped in 2020 due to COVID-19, VAT compliance actually improved across the EU that year.

Find out how your country fared in the 2020 #VATGap report.
👉 https://europa.eu/!THJ9w9

🐦🔗: https://n.respublicae.eu/EU_Taxud/status/1621086028101521408

Los países de la UE pierden miles de millones cada año por el fraude del IVA ❌

‼️👉Proponemos medidas para:
✓modernizar el sistema del IVA en la UE
✓hacer que funcione mejor para empresas
✓ hacerlo más resiliente frente al fraude
✓ fomentar la digitalización

#VATGap

🐦🔗: https://n.respublicae.eu/ComisionEuropea/status/1601175323768332289

Ireland🇮🇪 lost over €1.9 billion in lost #VAT revenues in 2020 according to the latest EU #VATGAP report!

@EU_Commission today proposed new measures to modernise & make the EU's VAT system work better for businesses & more resilient to fraud.

See 👉https://europa.eu/!w3gTk4

🐦🔗: https://n.respublicae.eu/eurireland/status/1600832426057474050

EU Member States lost around € 9⃣3⃣ billion in #VAT revenues in 2⃣0⃣2⃣0⃣ - a quarter of which is attributable to #VATFraud.

Learn more about the 🇪🇺 VAT Gap and find out how your country fared in the new figures 👉 https://europa.eu/!THJ9w9

#VATGap

🐦🔗: https://n.respublicae.eu/EU_Taxud/status/1600911032393736192

EU Member States lost around € 9⃣3⃣ billion in #VAT revenues in 2⃣0⃣2⃣0⃣ - a quarter of which is attributable to #VATFraud.

Learn more about the 🇪🇺 VAT Gap and find out how your country fared in the new figures 👉 https://europa.eu/!tM4wHg

#VATGap

🐦🔗: https://n.respublicae.eu/EU_Taxud/status/1600836269336051712