The European Commission has published a study on the possible impact of measures to fight VAT fraud covering reduction of timeframes for the collection and exchange of information on intra-community trade.

One of the proposed measures, the reduction of timeframes for the collection and exchange of information on intra-community transactions, is regarded as a priority measure.

A companion study has been released on the possible impact of measures covering the collection and exchange of more detailed information on intra-community transactions.

The commission has suggested a series of measures to improve the exchange of information, particularly the collection and exchange of more detailed information on intra-community transactions, and the study analyses the possible impacts of this measure on businesses active in intra-community trade.

Further reading:

Luxembourg deal paves way for EU VAT

Extending a VAT fraud solution