Link: Customs in VAT scam raid
The National Audit Office has commended Customs and Excise after years of criticism.
Sir John Bourn, head of the National Audit Office, said: ‘The developments to date reveal a number of areas of good practice for instance, closer co-operation with and understanding of traders, and the provision of dedicated points of contact for large businesses.’
Customs & Excise said the measures on tobacco, oil, VAT and alcohol protected more than £3.5bn in revenue that would have otherwise been at risk.
Alcohol fraud, however, remains a particular problem, and is still costing £650m a year.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
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