Barry Stocks of PKF considers the HMRC response to the Bond House carousel fraud case
Carousel fraud has had a lot of publicity in recent weeks receiving both national press and TV coverage of how the fraud operates its detrimental effect to the Exchequer and the UK taxpayer generally.
HM Revenue & Customs have had a difficult job in combating carousel fraud and the European Court's decision in the widely reported Bond House Fulcrum and Optigen cases was initially seen in many reports as a defeat for the policy of disrupting the trade in CPUs by refusing to allow VAT recovery. However as Monty Raphael and Neil Swift pointed out in their article (The Tax Journal Issue 821 23 January 2006) the decision of the...
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Barry Stocks of PKF considers the HMRC response to the Bond House carousel fraud case
Carousel fraud has had a lot of publicity in recent weeks receiving both national press and TV coverage of how the fraud operates its detrimental effect to the Exchequer and the UK taxpayer generally.
HM Revenue & Customs have had a difficult job in combating carousel fraud and the European Court's decision in the widely reported Bond House Fulcrum and Optigen cases was initially seen in many reports as a defeat for the policy of disrupting the trade in CPUs by refusing to allow VAT recovery. However as Monty Raphael and Neil Swift pointed out in their article (The Tax Journal Issue 821 23 January 2006) the decision of the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
