FR: Court of auditors report on VAT

French cour des comptes report (346 pages in French, PDF) on VAT. The report discusses VAT fraud, and MTIC carousel fraud in particular. Top-down VAT gap estimates made by the European Court of Auditors and the French tax authorities are reported on page 57. The most recent French estimate is FRF 80 billion for 1997. Page 58 considers MTIC estimates based on trade data discrepancies, yielding an estimate by the French tax authority of FRF 16.3 billion for MTIC fraud in France in 1999.

An annexe in the report discusses the calculation of the EU's VAT own resource.

For further information or advice please contact Franck Latrémolière.

Filed under France, Tax fraud, VAT.

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