Posts tagged as:

VAT

VAT fraud in carbon trading may cost over €5bn – Europol

THE EUROPEAN Union has probably lost at least €5 billion to VAT fraud related to carbon trading and there is a risk that the criminals will now shift their attention to Europe’s electricity and gas markets, according to Europol, the EU’s law-enforcement operation.

Continue Reading at  IrishTimes

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Posted on December 25, 2009 · in UK

EU introduce reverse VAT for carbon trading

| Sourced From Accountancyage.com |

The European Commission has approved a reverse payment scheme for VAT charges on carbon trading to reduce the risk of fraud.

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Posted on October 6, 2009 · in Europe

UPDATE 1-Probe under way in alleged French CO2 VAT fraud

* Noone under official investigation yet-prosecutor’s office

* BlueNext unaware of an investigation related to exchange

* BlueNext reiterates no evidence of fraud on exchange

(Adds BlueNext reaction, background)

PARIS/LONDON, June 11 (Reuters) – The Paris prosecutor’s office confirmed on Thursday a probe was under way into a suspected multi-million euros value-added tax (VAT) fraud in the French carbon emissions market.

Continue Reading on Reuters

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Posted on June 12, 2009 · in Europe