TaxCorporate TaxHMRC bites into MTIC fraud

HMRC bites into MTIC fraud

HMRC reduces the scale of MTIC fraud, according to new figures

HM Revenue & Customs is fighting back in its battle to keep down the
value of missing trader intra-community fraud, according to new figures.

In new trade figures, the Office for National Statistics revealed that there
was a reduction in trade of goods normally associated with MTIC fraud, such as
computer chips, from £4.5bn in June to £1.6bn in July.

HMRC pointed to a combination of legislation, litigation and operational
activity as the main reasons for the reduction, according to the Financial
Times
.

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

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

2m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

2m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson