EU forecasts €24bn in lost COVID-19 VAT
- Sep 11, 2020 | Richard Asquith
The latest EU VAT Gap, estimating missing Value Added Tax receipts has dropped from €140.9m to €140.0bn between 2017 and 2018. However, the EC is expecting a sharp rise in 2020, reaching up to €164bn, 14% of revenues. This is based on EU forecasts of a 7.4% shrinkage in EU economy.
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara