ECONOMY - FINANCE - BUSINESS / Taxation

VAT - Commission tackles fraud against CP 42 customs regime and second-hand cars

Brussels, 29/11/2017 (Agence Europe)

This Thursday 30 November, the European Commission will propose to reinforce cooperation between the tax administrations to step up the fight against value-added tax (VAT) fraud and fraud against the CP 42 customs regime. Here are the main provisions of the regulation, of which EUROPE has had sight.

Fraud against CP 42. In 2015, there were transactions worth a total of €74 billion concerning imports from outside the EU under the customs regime CP 42. This regime provides that when a good...