TaxAdministrationNAO to investigate VAT loophole

NAO to investigate VAT loophole

Watchdog to look into VAT avoidance involving retailers' subsidiaries based in Channel Islands and elsewhere

The NAO is to look into the e-commerce companies that avoid VAT by being
based offshore.

The government spending watchdog is concerned that HMRC may not be cracking
down effectively on abusive avoidance schemes that allow retailers to sell goods
from offshore companies and avoid the tax, The Observer reported.

‘E-commerce is changing very fast, and so are the risks it poses. We want to
make sure the tax authorities are making people abide by the rules,’ an NAO
spokesman is quoted as saying.

Firms that may be looked into include PartyGaming, the Gibraltar registered
gaming company, as well as retailers including Tesco, Woolworths and Amazon, the
paper reported.

Related Articles

Paul Morton, Tax Director, Office of Tax Simplification

Administration Paul Morton, Tax Director, Office of Tax Simplification

4m Emma Smith, Managing Editor
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

6m Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

8m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

8m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

2y Fraser Simpson, Reporter