The Institute for Fiscal Studies has
recommended a wholesale reform of VAT to solve carousel fraud.
The body said yesterday that as long as refunds on exports existed, the
opportunity for fraud would exist.
Professor Stephen Smith recommended a single VAT rate for the supply chain as
a whole across the EU, with member states able to set the rate to consumers.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham
Drastically fewer offices for HMRC in the hope to reduce their running costs