VAT Collection Methods

VAT Collection Methods

Blog Article

Although, the VAT contributes significantly to tax revenues in all EU Member States, the current VAT system is vulnerable to organized fraud schemes and suffers from large scale tax evasion.The EU Member States and the European Commission are discussing new ways of VAT collection to prevent the evasive Baking Chocolate and fraudulent practices.This paper aims at the description of different VAT collection methods including their flaws and benefits that are addressed in the available literature.

The conclusion is that reverse charge and split payment method are changing the character of the VAT system.The One stop shop system is lacking trust of the EU member states.Therefore, the recommendation is to playsuits improve current system by electronic means of reporting.