Primarolo to face Treasury committee
Paymaster general Dawn Primarolo will be quizzed this week by the Treasury select committee on the government's response to a highly critical report on alcohol duty fraud.
Paymaster general Dawn Primarolo will be quizzed this week by the Treasury select committee on the government's response to a highly critical report on alcohol duty fraud.
Appearing before the committee on Wednesday, Primarolo will face questions about the Roques report which investigated massive losses caused by so-called ‘diversion’ frauds.
According to the report, written by former Deloitte & Touche senior partner John Roques, Customs lost Pounds 884m through diversion frauds where goods intended for export were moved from bonded warehouses back into the UK market without duty being paid.
Roques was highly critical of Customs’ response to the frauds during the 1990s and the National Audit Office later said Customs failed to ‘get to grips with a major breakdown in their control systems which led to an unacceptable loss of revenue.’
Links
Customs u-turns over accounts staff
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe UK tax gap held steady at 5.3% in 2023–24, translating to £46.8 billion in unpaid taxes, according to the latest HMRC statistics. While the percen...
View articleWorcestershire-based accountancy firm Ballards LLP has been shortlisted for three categories at the Tolley’s Taxation Awards 2025. The firm, which ope...
View articleChancellor Rachel Reeves has ruled out any increases to UK wealth taxes in the upcoming Autumn Budget, putting an end to speculation over potential hi...
View articleUK small businesses are facing an annual tax compliance burden nearing £25 billion, according to recent findings by the Federation of Small Businesses...
View articleBusinesses across the UK should prepare for several significant tax changes coming into effect from 6 April 2025, according to the ICAEW. While some o...
View articleBusinesses that have relied on the joint online filing service for Company Tax Returns and accounts submissions will need to find alternative solution...
View articleFive years on from Brexit, small and medium-sized businesses continue to face challenges from its tax and trade implications. It was hugely divisive, ...
View articleHM Revenue & Customs (HMRC) has launched a voluntary disclosure initiative aimed at companies that have overclaimed research and development (R&am...
View article