Ireland 11th in EU for collecting VAT returns

Ireland is ranked 11th out of 26 countries when it comes to expected and actual VAT returns.

The European Commission has published figures showing that an estimated €168bn in VAT revenue is lost each year to fraud and evasion, among other reasons.

In most countries, the average is just under 14% between actual and predicted returns.

The lowest is in Finland at 4%, while Ireland's is 10.6% and the highest gap is in Romania at 41%.

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