The CCAB-I recently responded to the European Commission’s survey on VAT fraud. The CCAB-I rejects suggestions on the grounds of compliance cost, that VIES data requirements should be extended but favoured automatic exchange of car registrations, data on exempt imports, customs and social security which uses the extensive powers already in available to the Commission.

We argued against suggestions that European revenue authorities should have joint jurisdiction on VAT audits, again from a perspective of managing compliance costs. The response can be found on our website – www.charteredaccountants.ie.