Arrests have been made in an investigation into a multi-million pound
carousel fraud ring.
An 18-month investigation led to 10 arrests, known as Operation Varlet,
during a dawn raid by HMRC officers.
Those arrested were suspected of being part of a ring fraudulently trading in
mobile phones, buying them VAT-free from the continent then defaulting without
paying VAT owed to HMRC.
The arrests were made in Stoke on Trent, Birmingham, Slough, Maidenhead,
Uxbridge, Rickmansworth, Bushey and Hanworth.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW