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It's our money..

An estimated EUR 177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, a recent report reveals.

E-invoicing to help reduce EU VAT Gap losses - report thepaypers.com

According to a recent VAT Gap study by the European Commission, the lost revenue equals to 16% of total expected VAT revenue by the 26 EU Member States.

 

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Bo Harald

Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,MyData

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04 Nov 2008

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Helsinki Region

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More from Bo

This post is from a series of posts in the group:

Electronic invoicing

A discussion and guidance on the path to full scale adoption of electronic invoicing by corporates, goverments, SME's and consumers, creating savings up to € 60 billion in 2020. With a focus on: trends, business models, processes, technology, and legal issues.


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