EU Value-Added Tax Fraud Bill Will Fail to Meet March Deadline

EU envoys won’t reach a deal on a bill in March to share value-added tax information with the bloc’s anti-fraud agencies, amid lingering concerns over data protection and the authority of the agencies.

Cyprus, which currently holds the EU’s rotating presidency, had initially targeted a March gathering of EU finance ministers to finalize the bill. But at a meeting on Thursday, EU envoys acknowledged that more work is required in the negotiations, according to people familiar with the matter.

Envoys at that meeting discussed an amended bill that incorporates recommendations from the European Data Protection Supervisor, the watchdog charged with ...