Record Details

Value added tax (VAT) carousel fraud in the European Union

The Journal of Accounting and Management

View Archive Info
 
 
Field Value
 
Title Value added tax (VAT) carousel fraud in the European Union
 
Creator SERGIOU, Loukia; P.A. College
 
Subject VAT fraud; MITC fraud; VAT Carousel fraud
 
Description Objectives: The central aim of this paper is to determine as accurately as possible the nature, extent and cost of vat carousel fraud to the public and private sectors within the European community. Prior Work: The European Union (EU) Institutions and Member states have put forward several measures to tackle this problem, although some of these have placed a disproportionate burden on business.  A lot of countries have imposed distinct measures to combat VAT carousel fraud and important lessons have been emerged about their efficiency and compliance. Approach: The methodology takes a comprehensive review of prior research evaluating real evidence of VAT carousel fraud and analysing attempts by the European Union to tackle effectively VAT carousel fraud. Results: The study concludes that the possible solutions are in the field of closer cooperation and understanding among related parties as well as the application of combined restrictive measures. Implications: The study has implications to the society, managers and policy makers.  The results will aid national authorities to implement and share best practice to combat VAT carousel fraud with other national governments.  Value: Confronted with the drastic increase of VAT carousel fraud, the European Commission identified the urgent need of a coherent strategy to combat it.  Yet, neither the literature nor the practices of tax and law enforcement have addressed the threat adequately. This study research gives approaching solutions to delineate essential procedures and principles to embark upon VAT carousel fraud.  
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2012-11-26
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/1428
 
Source The Journal of Accounting and Management; Vol 2, No 2 (2012): JAM
 
Language en
 
Relation http://journals.univ-danubius.ro/index.php/jam/article/download/1428/5310
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.