COURT OF JUSTICE OF THE EU / (ae) taxation

Italian VAT fraud limitation period too short and must be disapplied

Brussels, 08/09/2015 (Agence Europe) - The Court of Justice of the EU ruled on Tuesday 8 September (case C-105/14) that, because its overall limitation period in cases of VAT fraud is too short, Italian legislation creates a situation where such misdeeds may go unpunished as a result of failure to come to a definitive judgment within the set time, thereby harming the financial interests of the European Union (VAT being an own resource that funds the EU budget). In such a case, the Court...