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Image header Agence Europe
Europe Daily Bulletin No. 13279
Contents Publication in full By article 35 / 38
NEWS BRIEFS / Taxation

EU VAT gap fell between 2020 and 2021

25/10/23 (Agence Europe) – In 2021, Member States lost around €61 billion in value added tax (VAT), compared with €99 billion in 2020, according to a European Commission report published on Tuesday 24 October. This represents an unprecedented improvement compared with previous years. This figure represents revenue lost mainly as a result of fraud, tax avoidance and evasion, non-fraudulent bankruptcies, miscalculations and financial insolvency, among other reasons. A number of Member States, such as Italy and Poland, recorded particularly significant reductions in their national VAT gap figures, with reductions of 10.7% and 7.8% respectively. The digitalisation of tax systems, real-time reporting of transactions and electronic invoicing have all contributed to this reduction. To read the report, go to https://aeur.eu/f/98p (AD)

Contents

BEACONS
Beacons: European disunion…
EUROPEAN COUNCIL
MIDDLE EAST: European leaders to discuss possible humanitarian pause in Gaza
UKRAINE: European leaders to promise to step up support
SERBIA/KOSOVO: alongside European Council, Albin Kurti and Aleksandar Vučić to meet European leaders to try to ease tensions between their countries
CAUCASUS: European leaders expected to call on Azerbaijan and Armenia to finalise normalisation of relations process by end of year
SAHEL: eager to recalibrate EU strategy, EU27 leaders expected to affirm their commitment alongside ECOWAS
MIGRATION: European leaders will once again examine EU’s interest in forging partnerships with third countries
BUDGET: EU27 begin in-depth negotiations on revision of multiannual financial framework
COMPETITIVENESS: European leaders set to take stock of initiatives to improve Union’s competitiveness
EUROZONE: European leaders to review macroeconomic situation and capital markets union project
SECTORAL POLICIES
HOME AFFAIRS: European Parliament’s rapporteurs on regulation concerning child sexual abuse material online reach a political agreement
CONSUMERS: MEPs back proposed EU directive on ‘right to repair’ for defective products
COMPETITIVENESS: ‘Net Zero Industry Act’, MEPs adopt position
AGRICULTURE: European agreement on geographical indications includes “many of Parliament’s demands”, according to Paolo De Castro
FISHERIES: European Commission proposes multiannual total allowable catches for first time
ENVIRONMENT: MEPs support bringing directive on management of electrical and electronic waste into line with EU Court of Justice ruling
HEALTH: Eu Council ratifies its negotiating mandate on proposal for regulation on blood, tissues and cells
DIGITAL: despite progress on foundation models, negotiations between EU Council and European Parliament are due to continue on 6 December in an attempt to finalise ‘AI Act’
DIGITAL: ‘Van Sparrentak’ report, MEPs call on European Commission to present a legislative proposal to make platforms less addictive
DIGITAL: EDPB calls on MEPs to quickly adopt new rules to strengthen GDPR
CLIMATE: despite 32.5% reduction in greenhouse gas emissions since 1990, EU must step up its efforts in face of urgency of situation
ENERGY: EU signs €400 million renewable energy investment package with Bangladesh
ENERGY: EU and Norway reaffirm their collaboration on energy issues
ENERGY: a coalition of NGOs is calling for gas companies to stop interfering in EU’s decision-making process
TRANSPORT: MEP Isabel García Muñoz proposes banning cross-border operations of non-zero emission heavy-duty vehicles by 2032
ECONOMY - FINANCE - BUSINESS
TAXATION: economist Jayati Ghosh calls on EU to think multilaterally about tax issues
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: decarbonisation must not lead to de-industrialisation of European Union, warn European social partners
SOCIAL: OSHA launches a campaign on risks associated with new digital technologies in workplace
EXTERNAL ACTION
AFRICA: Global Gateway, EU continues to invest in clean energy and connectivity on continent
INSTITUTIONAL
FUTURE OF EU: MEPs set out their vision for revision of EU’s institutional architecture
ADMINISTRATION: European Commission proposes actions to strengthen capacities and skills of public administrations
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
WOMEN’S RIGHTS: European Commission will support Member States in implementing ‘salary transparency’ directive
COURT OF JUSTICE OF THE EU
COMPETITION: General Court of European Union annuls European Commission’s decision classifying Bulgarian Energy Holding’s conduct as abuse of dominant position
NEWS BRIEFS
ECONOMY: European Commission to provide €72.5 million in macrofinancial assistance to Moldova
TAXATION: EU VAT gap fell between 2020 and 2021
DIGITAL: DSA, Slovakian centre for combating hybrid threats regrets ineffectiveness of measures put in place by major online platforms during elections
FISHERIES: European Parliament committee recommends approval of conclusion of EU/Madagascar agreement
FISHERIES: MEPs adopt position on International Commission for the Conservation of Atlantic Tunas measures