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Eurometrec urges Poland to act on tax fraud

Europe – The Polish government is considering following the lead of other EU member states and adopting a reverse-charge VAT bill in a political thrust to control VAT fraud in the scrap collection and trading sector.

The European metal trade and recycling federation Eurometrec is supporting its Polish national member association’s push to apply the reverse-charge procedure to scrap. In addition to the threat to national tax revenues, hundreds of fully-licensed and authorised scrap companies across the EU are themselves put at risk if VAT legislation is not effective, says Eurometrec.

The reverse-charge VAT system has proven its effectiveness in preventing VAT fraud on scrap metal transactions in a number of European countries such as France, Spain, Austria, Italy, Hungary, Slovakia and most recently Germany, leading to a substantial reduction in the incidence of fraud.

Tax evasion should be tackled as a priority given the current economic situation and a decision on applying the reverse-charge VAT system for scrap should not be overtaken by other tax legislation issues, according to Eurometrec.

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