VAT non-compliance costs in Europe fell to €160 billion

In 2014 the EU Member States lost approximately €160 billion in VAT revenues due to non-compliance, according to a recent study conducted by CASE for the European Commission. The report: “Study to Quantify and Analyse the VAT Gap in the EU Member States” examines the reasons for and reality of the VAT underperformance across twenty seven Member States. http://www.case-research.eu/en/node/59267