The European Commission has announced the release of its VAT Gap report on 10 September 2020, which examines the overall difference between the expected VAT revenue and the amount actually collected in EU Member States.
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VAT Gap: EU countries lost €140 billion in VAT revenues in 2018, with a potential increase in 2020 due to coronavirus
EU countries lost an estimated €140 billion in Value-Added Tax (VAT) revenues in 2018, according to a new report released by the European Commission to…