TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

EU: VAT Fraud

On Friday 22 February, the European Commission adopted a Communication on possible far-reaching measures to combat VAT fraud. The measures in question are

  • the introduction of taxation for intra-Community supplies, and
  • the introduction of a generalised reverse charge.

Both systems have the potential to considerably reduce the phenomenon of ‘missing trader’ (MTIC) fraud.

Further information on the Communication is available at http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/291&format=HTML&aged=0&language=en&guiLanguage=en.