Examples of 'carousel fraud' in a sentence
Meaning of "carousel fraud"
Carousel fraud: A type of tax fraud where goods or services are imported VAT-free from another country, and then sold within the country with VAT included, but the seller disappears before the VAT is paid to the government
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- The theft of value-added tax from a government by exploiting the way VAT is treated within multijurisdictional trading where the movement of goods between jurisdictions is VAT-free.
How to use "carousel fraud" in a sentence
Basic
Advanced
carousel fraud
Carousel fraud exploits loopholes that are inherent in the regime.
The missing trader fraud and the carousel fraud.
Similar carousel fraud can also occur when services are supplied.
Eliminating carousel fraud.
Carousel fraud is often perpetrated by criminal organisations and involves considerable losses to exchequers.
This provides a solution for member states that face endemic carousel fraud.
Carousel fraud is traditionally organised with goods of low weight and high added value.
These factors may be indicators of VAT carousel fraud.
Companies unwittingly party to carousel fraud are entitled to reimbursement of input VAT paid.
Scope of and opportunity to commit VAT carousel fraud.
Combat VAT carousel fraud through improved administrative cooperation.
Under a reverse charge system VAT carousel fraud is no longer possible.
Defence of the manager of a company accused of having participated in a VAT carousel fraud.
The case processing regarding VAT carousel fraud cases is satisfactory.
A common and particularly severe form of this fraud is VAT carousel fraud.
See also
VAT carousel fraud may occur once a business has been registered for VAT.
This will enable the Member States to detect carousel fraud very quickly.
The most recent form of VAT carousel fraud takes place through businesses outside the EU.
SKAT has tried in various ways to reduce the potential for VAT carousel fraud.
The VAT carousel fraud principle which results in loss of VAT for the Danish government.
This considerably reduced the potential for committing VAT carousel fraud against the Danish treasury.
VAT carousel fraud see.
Generally it is a matter of Carousel Fraud.
To commit VAT carousel fraud against the Danish government fraudsters must have a Danish VAT number.
Here is a scheme showing how the carousel fraud operates:.
In practice, VAT carousel fraud can be carried out in various ways.
Where the purchaser is the first company, this constitutes carousel fraud.
Carousel Fraud generally concerns small items of value, such as computers and mobile phones.
In Europe, the main source of problems is called carousel fraud.
Carousel fraud is often perpetrated by criminals and involves considerable losses to Member States ' exchequers.
Figure 2 illustrates the basic structure of VAT carousel fraud.
Essentially carousel fraud involves abuse of the exemption mechanism for VAT intra-community transactions.
Is the organisation of the processing of VAT carousel fraud cases satisfactory?
Carousel Fraud case 2.
The strategy encompasses combat of economic crime, including VAT carousel fraud.
The evolution of VAT fraud, in particular carousel fraud and fraud at retail level ;.
If the same goods repeatedly circulate between Member States, it is called a carousel fraud.
The principles of VAT settlement and VAT carousel fraud are described in detail in appendix 1.
Harmonisation here, combined with the introduction of a European TIN, would hugely reduce carousel fraud.
SKAT's identification of VAT carousel fraud against the Danish government.
The examination showed that the authorities use each others' competencies in VAT carousel fraud cases.
The second case relates to a British VAT carousel fraud involving 18 Member States.
The NAOD examined whether SKAT's control plans include control subjects relating to VAT carousel fraud.
Subject: VAT carousel fraud.
SKAT's initiatives to reduce the potential for VAT carousel fraud.
Chart 2 shows a basic carousel fraud scheme assuming a VAT rate of 20 %.
The Commission has proposed exchanging information to tackle carousel fraud outside VIES, thereby,.
The EU VAT system enables businesses to engage in the so-called VAT carousel fraud.
MP 's son guilty of VAT carousel fraud.
Subject: Cross-border carousel fraud.
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