The efforts by HMRC to eradicate the multi-billion dollar fraud epidemic is
having the knock-on effect of causing delays in small businesses trading in
mobile phones and other small, electronic equipment to register for VAT, the
Dishonest traders are currently exploiting EU regulations by registering for
VAT in the UK, acquiring goods duty-free from other member states and then
re-selling them to British companies with the levy re-added.
Bull, head of tax at Baker Tilly, said: ‘HMRC has more power than ever
before to affect taxpayers’ fortunes and should be required to compensate
taxpayers in full where it is responsible for causing the loss.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements