House of Lords EU Select Committee has called for fundamental changes to the
VAT system in Europe to prevent carousel fraud.
It also said in a new report that new HM
Revenue & Customs rules covering VAT on mobile phones were no more than
a sticking plaster.
Furthermore, the Lords said HMRC efforts to clamp down on fraud needed huge
amounts of resources and may harm some innocent traders.
fraud has cost the government billions of pounds in recent years and Revenue
& Customs last year doubled its team of invesigators to 1,500.
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
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay