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Strengthening EU Cooperation to Combat VAT Fraud

Summary

The proposal aims to strengthen administrative cooperation between EU Member States to fight VAT fraud, particularly in e-commerce. It introduces a central electronic system (CESOP) for exchanging payment information.
10 02.03.2020
Other
economy
finance
taxation
european union
administrative law
information technology and data processing

Key points

  • The proposal aims to tackle the massive loss in EU tax revenue caused by VAT fraud and e-commerce irregularities.
  • A new central electronic information system, known as CESOP, will be established to aggregate and process payment data from all Member States.
  • Payment service providers will be required to keep records of payment transactions for a period of three years to assist in fraud investigations.
  • The central CESOP system will retain the collected information for a maximum period of five years.
Documents (PDFs)
REPORT on the proposal for a Council regulation amending Regulation (EU) No 904/2010 as regards measures to strengthen administrative cooperation in order to combat VAT fraud Measures to strengthen administrative cooperation in order to combat VAT fraud *
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