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Image header Agence Europe
Europe Daily Bulletin No. 12101
Contents Publication in full By article 3 / 28
ECONOMY - FINANCE - BUSINESS / Taxation

In 2016, member states missed out on €147 billion in VAT revenue

The countries of the EU lost out on €147.1 billion in value-added tax (VAT) revenue in 2016, according to a new study published by the European Commission on Friday 21 September.

The overall VAT gap, or the difference between anticipated VAT revenue and the amount actually received, felt slightly compared to 2015, from 13.2% to 12.3%, or a drop of €10.5 billion (see EUROPE 11872).

The European Commissioner for Taxation, Pierre Moscovici, welcomed the improvement in the member states'...

Contents

INSTITUTIONAL
UK: Day after Salzburg summit, Theresa May believes Brexit negotiations are 'at an impasse'
EP2019: One year on from Sorbonne speech, Emmanuel Macron reiterates terms of his 'historic fight' for Europe
ECONOMY - FINANCE - BUSINESS
TAXATION: In 2016, member states missed out on €147 billion in VAT revenue
FINANCE: MEPs prepared to adopt their position on the supervision of investment companies
STATE AID: Interested parties invited to comment on Transgaz commitments on exports of natural gas from Romania
SECTORAL POLICIES
AGRICULTURE: Quality, rural development, swine fever and FAO are on agenda of informal ministerial meeting
AGRICULTURE: CAP post-2020 - Global Food Forum participants give preference to quality rather than timing
FISHERIES: European Parliament rapporteur calls for current fisheries fund allocation to be maintained between 2021 and 2027
FISHERIES: Draft European Parliament report is opposed to fixing catch quotas in Mediterranean
COHESION: EESC asks co-legislators to maintain maritime border cooperation
MIGRATION: Europe not responsible for migrants rescued by Aquarius, flying under the flag of Panama
CONSUMERS: HOTREC welcomes Commission's pressure on AirBnb for increased transparency
EXTERNAL ACTION
PALESTIINE: Eight member states urge Israel not to destroy Khan al-Ahmar
UKRAINE: MEPs from EU-Ukraine parliamentary association committee call for swift adoption of electoral reform
WEST AFRICA: Mauritania signs regional economic partnership agreement with EU
SOCIAL AFFAIRS
SOCIAL: EESC calls for the role of the social partners within the European Labour Authority to be reinforced
NEWS BRIEFS
AGRICULTURE: CoR to meet Austrian minister to strengthen rural zones
AGRICULTURE: Intervention cap set at zero for skimmed milk powder
AGRICULTURE: Spain in favour of ban on 'below cost selling' to combat unfair trade practices
HUMANITARIAN AID: EU mobilises €9 million in aid for disaster preparedness in Southern Africa
CLIMATE: CAN Europe goes to court in support of citizens' complaint about EU's 2030 climate targets
MALTA: European Parliament delegation calls on Maltese government to rapidly solve Daphne Caruana Galizia murder case
OMAN: EU External Action Service and Oman's foreign minister are to strengthen cooperation
UZBEKISTAN: European Parliament delegation wants authorities to make more progress on human rights
FISHERIES: Council to authorise recreational fishing catch of one bass per day
TURKEY: European Parliament delegation says EU and Turkey need each other
CALENDAR
Main activities of the European Institutions: 24/09 - 30/09/2018
Other events: 24/09-07/10/2018