Avoiding VAT fraud | Value Added Tax Blog

The French tax authorities published a list of “red flags” that identify potential VAT fraud. These flags include:

Certain general characteristics of the supplier—e.g., invalid intra-community VAT number, engaging in operations that are not related to its normal activity, operating in a sector prone to carousel-type fraud

Characteristics of the transaction—e.g., an abnormally below-market price, no sales contract, large down-payments compared to the total amount of the invoice

Terms for payment—e.g., no bank account, demands for cash payments or for quick payments

via Avoiding VAT fraud | Value Added Tax Blog.

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