MAJOR CHANGES OF THE VAT SYSTEM IN THE EUROPEAN UNION

Virginia Campeanu

Euroinfo, 2017, vol. 1, issue 4, 3-10

Abstract: Our article includes a critical analysis of the current transitional VAT system in the European Union that has led to VAT gaps by € 170 billion annually, out of which € 50 billion in cross-border transactions. The analysis regarding TVA gaps (collection deficits) on 26 EU Member States reveals differences between states at 1:10.To address VAT collection deficits in Member States and adapt the VAT system to the digital economy and the needs of small and medium-sized enterprises, the European has published the Action Plan on VAT in December 2016. The purpose of the Plan is to define the VAT system and to achieve a single VAT area in the European Union related to cross-border transactions as well as to advance some options for modernizing EU policy governing VAT rates. Our article is analysing the changes in major directions and actions planned for 2017 and for the next years, by 2021.

Keywords: VAT system; VAT gaps; to cross-border transactions; EU (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:1:y:2017:i:4:p:3-10

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