PracticeAccounting FirmsCustoms not reporting enough accountants

Customs not reporting enough accountants

MPs have slammed Customs & Excise for its reluctance in reporting accountants to their professional bodies for disciplinary action.

Link: ICAS on collision coure with IDB

The rebuke from the all-party Commons Public Accounts Committee came as the government revealed that £11bn of VAT had been lost due to error or fraud.

The PAC said Customs should work with professional bodies and the business community to ‘agree criteria for reporting and remedial action expected’.

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