As its legislative proposal to move towards a definitive VAT regime is proving hard for the member states to swallow, the Commission is focusing on the figures. Whilst the regime is expected to reduce fraud by around €40 billion a year, according to its estimates, the costs for companies to comply are also expected to decrease by €1 billion, according to the impact assessment published on Wednesday 4 October alongside the proposal.
Readers may recall that on Wednesday, the Commission...