HMRC is to appeal the tribunal verdict in the Livewire case, over whether or
not a trader caught up in a carousel fraud chain had ‘knowledge or means of
knowledge’ of the fraud.
The case is the first to test the legal construction that emerged from the
Bond House case, which determined that HMRC should pay back VAT to companies
where they did not know, or could not have known, about the frauds in the chain.
Telegraph says today that the taxman is to take the case to the High Court.
Age highlighted the case for the first time earlier this year, with hundreds
of millions of pounds expected to ride on the outcome.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states