HMRC has issued a call for evidence until 20 March 2019 on how electronic till systems are being misused to facilitate tax evasion by hiding or reducing the value of individual transactions (electronic sales suppression).
HMRC has issued a call for evidence until 20 March 2019 on how electronic till systems are being misused to facilitate tax evasion by hiding or reducing the value of individual transactions (electronic sales suppression).
The government announced at Budget 2018 its intention to consult on this issue.
Options being considered include requiring businesses to use specific software or hardware which limits the opportunity for these practices, or an encrypted log which contains details of all transactions and adjustments.
HMRC has issued a call for evidence until 20 March 2019 on how electronic till systems are being misused to facilitate tax evasion by hiding or reducing the value of individual transactions (electronic sales suppression).
HMRC has issued a call for evidence until 20 March 2019 on how electronic till systems are being misused to facilitate tax evasion by hiding or reducing the value of individual transactions (electronic sales suppression).
The government announced at Budget 2018 its intention to consult on this issue.
Options being considered include requiring businesses to use specific software or hardware which limits the opportunity for these practices, or an encrypted log which contains details of all transactions and adjustments.
