Cross-border currents - EPPO says VAT evasion accounts for 47% of EU funds fraud

The European Public Prosecutor's Office (EPPO) has warned in its latest 2022 annual report that last year, cross-border VAT fraud accounted for 47% of the estimated €14.1 billion lost to frauds affecting European Union (EU) revenue and expenditure. That covers the 1,117 active EPPO investigations by the end of 2022, a year in which the office received and processed 3318 crime reports and opened 865 inquiries.

By Keith Nuthall

The European Public Prosecutor's Office (EPPO) has warned in its latest 2022 annual report [1] that last year, cross-border VAT fraud accounted for 47% of the estimated €14.1 billion lost to frauds affecting European Union (EU) revenue and expenditure. That covers the 1,117 active EPPO investigations by the end of 2022, a year in which the office received and processed 3318 crime reports and opened 865 inquiries.