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<p>In considering fraud against European own resources, including VAT collection,
the European Court recently clarified in the <em>Taricco</em> judgment that Member
States are obliged under EU law (Article 325 of the Treaty on the Functioning of the
European Union) to have in place effective and dissuasive criminal penalties against
VAT fraud. The UK applies a full range of penalties to address various behaviours
from dishonesty and deliberate inaccuracies through to criminal prosecutions for VAT
offences.</p><br />
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