Computerisation approved to cut excise duty fraud 16 January, 2009
Personal care product companies and their retailers will be able to work with a computerised administration of excisable perfume and cosmetics goods within the EU in future following a decision by the EU Council of Ministers. It has approved a directive regulating a new computerised monitoring system for excised goods in all 27 EU member states. A council communiqué said: “The computerised system will offer a simplified, paperless environment for business and will facilitate more integrated and faster monitoring for the authorities.” A key aim of the new system is to detect excise duty fraud, which costs the EU millions of Euros annually.
