TaxCorporate TaxCable quizzes HMRC on carousel fraud delays

Cable quizzes HMRC on carousel fraud delays

Vincent Cable asks parliamentary questions about delays to VAT repayments for small businesses as a result of carousel fraud

Lib Dem shadow chancellor Vincent Cable has quizzed the government on delays
to VAT repayments for small businesses, as the tax authorities were urged to
chase down tax advisers and other professionals involved in carousel frauds this
week.

Cable asked parliamentary questions on the delays, which have made life
difficult for small companies caught up in the scams.

Paymaster General Dawn Primarolo said
HMRC would deploy 600 extra staff on the
work because it had ‘a duty to protect tax revenues’ and needed to verify claims
to ensure they were properly payable and were acting ‘on the basis of perceived
risk’.

For more on carousel fraud, click here

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