Tax-news.com provides an update on a new EU report titled” Tax reforms in EU Member States 2013″. A pdf of the report can be downloaded below.
The report points out that Greece, Spain, Italy, Latvia, Portugal and the UK exhibit a VAT revenue ratio significantly below the EU-28 average. “This indicates that these countries in particular could improve either the structure of VAT or tax compliance in order to increase its efficiency,” the report says, adding that: “The ratio is [also] below the EU average in Slovakia, France, Belgium, Ireland, Poland and Lithuania, signaling scope for increasing VAT efficiency.”
Download the PDF here