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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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