The European Commission reviewed member states’ and the United Kingdom’s VAT registration, collection, and auditing procedures and standards, concluding that most tax authorities fall short.
The Commission presented broad recommendations on how EU member states can improve the focus of their audits, including:
According to the Commission, only Finland and Sweden’s audit systems incorporate all the suggested best practices. The study was based on survey responses from member countries and the United Kingdom.
Source: ec.europa.eu