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New carousel fraud
The EU Commission issued the following press release on 29 September:
'In responding quickly to new and worrying fraud patterns reported by several Member States today the European Commission adopted a proposal for an optional and temporary application of the reverse charge mechanism to supplies of certain goods and services which will allow Member States to fight carousel fraud in a consistent manner across the European Union. The proposal notably covers greenhouse gas emission allowances that have been the object of VAT fraud during last summer. The proposal includes evaluation and reporting obligations for Member States which will allow a precise assessment of the efficiency of the measures …
'VAT fraud is a major concern for Member States' revenues and the correct functioning of...

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