Carousel fraud in the European Union

Journal
Swinkels, J.J.P.
European Union
International VAT Monitor 2008 (Volume 19), No. 2
Format/Price
JournalUSD 45

In view of its broad taxable base and high rates, the VAT system provides ample opportunities for criminals to commit fraud. In this article, the author describes carousel fraud and, on the basis of the case law of the European Court of Justice, its VAT aspects. He also describes the possible measures aimed at combating that form of VAT fraud.