The European Commission has announced the release of its VAT Gap study, which examines the overall difference between the expected VAT revenue and the amount actually collected in EU Member States. --- VAT Gap: EU countries lost €137 billion in VAT revenues in 2017 Brussels, 5 September 2019 EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called 'VAT Gap' - or the overall difference between the expected VAT revenue and the amount actually collected - has reduced somewhat compared to previous years but remains very...