EUROPEAN PARLIAMENT PLENARY / Taxation

European Parliament to address VAT gap in EU

Brussels, 16/02/2022 (Agence Europe)

The report by Olivier Chastel (Renew Europe, Belgium) examining the functioning of the VAT directive (2006/112) and analysing the VAT gap within the European Union was adopted by a large majority (510 votes in favour, 74 against, 108 abstentions) by MEPs at the European Parliament plenary session on Wednesday 16 February.

The VAT gap is the difference between the amount of expected VAT revenue and the actual VAT collected.

According to the report, the wide range of reduced VAT rates for...