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Abusing Taxpayers

John Arnold, Director of European Tax Services with Ernst & Young Tax Advisers in The Netherlands and Chairman of the ICAEW VAT Committee, gives his initial reaction to the new rules

 
John Arnold Director of European Tax Services with Ernst & Young Tax Advisers in The Netherlands and Chairman of the ICAEW VAT Committee gives his initial reaction to the new rules
 
Even if there is some golden mean between abusive tax avoidance and abusive tax collection Customs have not found it. Make no mistake what the Finance Bill has introduced is not a proportional and targeted response to aggressive VAT avoidance schemes but broadly-based VAT transaction reporting rules which will require all but the smallest businesses in the country to report to Customs & Excise everyday transactions far removed from...

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