NORTH WEST FRAUD FORUM

Exchange of payment data to fight VAT fraud.

23 Dec 2023 1:40 PM | Anonymous member (Administrator)

EU rules set to transform VAT fraud detection in e-commerce come into effect from 1 January 2024.

From 1 January 2024, payment service providers (PSPs) offering payment services in the EU will be required to monitor the payees of cross-border payments. PSPs will be required to provide to the tax administrations in member states information of any business that receives more than 25 cross-border payments per quarter.

https://www.icaew.com/insights/tax-news/2023/dec-2023/exchange-of-payment-data-to-fight-vat-fraud


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