EU countries lost almost €150 billion in Value-Added Tax (VAT) revenues in 2016, according to a new study published by the European Commission.
Member States in the European Union are losing billions of euros in value-added tax (VAT) revenues because of tax fraud and inadequate tax collection systems.
You can’t do business in the UK or the European Union without dealing with Value‐Added-Tax (VAT). It’s a legal requirement, and like almost every tax, it can be a major pain to deal with!
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