MTIC*: are you taking reasonable care?
Any EU company, performing Intra-EU activities may have its liability engaged if not taking reasonable care in order to avoid any participation to a Missing Trader Intra-Community VAT fraud (also called carousel fraud) (MTIC*).
This is the case if your company performs:
- Deliveries of goods or provision of services to customers VAT identified within the EU.
- Purchases of goods or provision of services from suppliers VAT identified within the EU.
- ...and more generally is involved in VAT exempt operations (exports as an example).
Since 2007, eurotax has settled a bouquet of services to tackle all potential risk and guarantee that your company took reasonable care.
"eurotax helped us in clearing our MTIC risk and settle our internal procedures."John Towerbread – Electronic components Industry
