Proposal for European Prosecutor’s Office Gains Momentum

On June 8, 2017, twenty European Union Member States voted to establish a new European Public Prosecutor’s Office (EPPO), which will be given broad powers to combat cross-border VAT fraud. The EPPO is envisioned as an independent body with the power to investigate fraud in all participating Member States; it will also be able to bring actions against defendants directly in front of national courts. To assuage concerns about national sovereignty, and to ensure that the EPPO only investigates large-scale fraud, the participating Member States agreed that a 10 million euro threshold for EPPO involvement will apply to cross-border VAT fraud cases. 

The eight states that have opted out of the EPPO project are: Ireland, Denmark, the United Kingdom, Sweden, the Netherlands, Poland, Hungary, and Malta. The project now awaits approval from the EU Parliament. 

The post Proposal for European Prosecutor’s Office Gains Momentum appeared first on Sovos.

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Author

Charles Riordan

Charles Riordan is a member of the Tax Research team at Sovos Compliance specializing in international taxation, with a focus on Value Added Tax systems in the European Union. Charles received his J.D. from Boston College Law School in 2013 and is an active member of the Massachusetts Bar.
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