The VAT gap in the European Union (EU) is expected to increase to €164 billion in 2020 due to the Covid-19 pandemic.[1] Confronted with this situation of emergency, the European Commission (EC) has placed the reduction of the VAT gap high on its agenda in order to provide Member States with additional fundings to tackle the economic crisis. The “Mind the VAT gap” initiative of the European Commission aims at promoting projects at the level of tax authorities that have proven to be effective in significantly reducing the VAT gap.

Dans le cadre de la mise en place de l’article 153 de la loi de finances pour 2020, une solution mixte, s’appuyant sur l’e-invoicing et l’e-reporting, a été envisagée par le ministère de l’Économie, des Finances et de la Relance et la Direction générale des Finances publiques. Dans cet article, nous allons vous expliquer en quoi notre système de reporting en temps réel (TX++) se démarque d’autres dispositifs similaires. La différence majeure réside dans l’introduction du concept de confidentialité totale, protégeant ainsi les données que les contribuables transfèrent à l’administration fiscale.

Il n’y a pas si longtemps que ça, nous lancions notre premier pilote informatique de reporting en temps réel. Il est désormais temps d’annoncer la première mise à jour de notre système ! À partir d’aujourd’hui, notre pilote prendra en charge les transactions intracommunautaires ! Dans cet article, nous vous expliquerons en quoi cette mise à jour est importante vis-à-vis des évolutions récentes en matière de TVA dans l’Union européenne. Mais si vous êtes au fait des dernières avancées, vous pouvez tester notre pilote directement en suivant ce lien : https://portal.

Recently we published our very first publicly accessible real-time reporting pilot and now it’s time to present our first updated version of this tool. From today onwards, our pilot also supports EU intra-Community transactions! In the following we will explain why this is such a relevant addition to our pilot, diving deeper into the latest VAT developments in the EU. However, if you already know why this is the case and you just want to try it out, go directly to: https://portal.

Summary In this episode of VAT Talks we speak with Paul Gisby. Paul is Senior Manager at Accountancy Europe, a Brussels based organisation uniting 50 professional bodies that represent nearly 1 million accountants. We first discussed the benefits of digitalisation. Paul argues that although such a transition might come with short term cost, in the long term “paper based systems are obsolete, inefficient and not robust for the circumstances that we have experienced in the last year”.

Récemment, une collaboration entre le Service d’Information et d’Investigations Fiscales néerlandais (FIOD) et l’Unité de Coopération Judiciaire de l’Union européenne (Eurojust) a réussi à mettre fin à une fraude fiscale colossale ! En effet, entre 2017 et 2020, les fraudeurs ont réussi à soutirer à l’Etat néerlandais près de 9 millions d’euros![1] Dans cet article, nous allons vous guider pas-à-pas à travers les différentes étapes qui ont permis aux fraudeurs d’exploiter les failles du système.

Recently, the Dutch Fiscal Information and Investigation Service (FIOD), together with the help of Eurojust, stopped an enormous VAT fraud scheme, kudos for the work done! The fraudsters defrauded the Dutch tax authority for €9 million between 2017 and 2020.[1] In this blog post we try to reconstruct the VAT fraud scheme. Important to note is that we’re basing our research on publicly available resources only. Therefore, it might be possible that we miss some links within the fraudulent value chain.

Last week, we made our pilot programme publicly available which allows anyone with a computer to report invoices to summitto’s real-time reporting systeem. We already briefly discussed how the pilot works in a previous blog post, but in this blog post we will provide some more detailed information on how to use the pilot! Why is summitto’s real-time reporting also relevant for you? More and more countries are implementing real-time reporting systems to close the VAT gap and streamline business processes.

The digitalisation of VAT is currently high on the EU political agenda. For example, the current president of the Council of the European Union, Portugal, will prioritise initiatives related to “the digital transformation of businesses and digital platforms, to the areas of e-commerce, payments and taxation”.[1] In this blog post we will dive deeper into the digitalisation of VAT in specific and show the benefits of digitalisation for both businesses and governments.

Report invoices yourself now! https://portal.summitto.com Over the last couple of years, we have spoken to governments, business associations and taxpayers in different parts of the world. We were even honoured to present our solution as keynote speakers to the European Commission at the ‘VAT in the Digital Age’ conference. Furthermore, we published articles, written explanatory blog posts and spoke to dozens of VAT experts. Some of them were even willing to share their knowledge in our blog series VAT Talks.