RegulationCorporate GovernanceGovernment: VAT delays are ‘unnaceptable’

Government: VAT delays are 'unnaceptable'

Government admits for first time that delays to VAT registrations were unnaceptable; Tories call for problem to be solved

big ben

Delays to VAT registrations are unacceptable, the government admitted for
what is believed to be the first time yesterday.

VAT registration delays have reached several months due to the clampdown on
carousel fraud, and former Treasury minister John Healey told the Commons
yesterday that the delays were ‘unacceptable’, reported the
Daily
Telegraph
.

Shadow economic secretary David Gauke said he hoped the government would now
take steps to rectify the situation.

Delays have prevented businesses collecting VAT from customers, which cannot
be claimed back later, the ICAEW has previously warned.

Further reading:

10 UK arrests in carousel fraud
crackdown

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