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EU votes for change to cross-border VAT rules

MEPs have voted to make it mandatory for payment service providers to collect cross-border e-commerce payment to crack down on VAT fraud.

EU votes for change to cross-border VAT rules
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EU votes for change to cross-border

They will also create an online database so anti-fraud authorities across the EU can strengthen administrative cooperation among the member states’ tax authorities, and payment service providers, and also make information-sharing and prosecution more effective. 

Read more at the Accountancy Age

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