Interested in accessing VAT Fraud Prevention Tools?
Across the whole EU, combating VAT fraud is the tax authorities’ top priority at the moment. Tax authorities initiate tax audit and assesses VAT shortfall at unsuspecting, innocent companies in the chain to compensate the shortage caused by fraudulent entities. In this context, PwC has developed two unique VAT fraud detection and prevention tools, VFT (VAT Fraud Tracker) and FAIT.
VAT Fraud Tracker allows monitoring of current and historical data to track EU intra-community trade of goods and identifying intra-community traded products for which there is a risk of fraud. FAIT conducts a risk analysis of business partners to identify vendors / clients susceptible to involvement in fraudulent activities.
For more information, please see the following flyer.