Brussels, 14/12/2011 (Agence Europe) - The European Court of Auditors (ECA) concludes that the control of customs procedure 42 does not prevent or detect VAT evasion. Application of customs procedure 42 has led to significant losses, according to a report published on Tuesday 13 December by the EU Court of Auditors. Based on results of the sample tests, the amount of the losses in 2009 is approximately €2200 million. This represents 29% of the VAT theoretically applicable on the taxable...