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New Measures To Tackle VAT Fraud

Tony Walker, Head of Fiscal Fraud Policy, Law Enforcement, HM Customs & Excise, discusses the Chancellor's package of measures designed to tackle VAT fraud, in particular Missing Trader Intra-Community (MTIC) VAT fraud

 
Tony Walker Head of Fiscal Fraud Policy Law Enforcement HM Customs & Excise discusses the Chancellor's package of measures designed to tackle VAT fraud in particular Missing Trader Intra-Community (MTIC) VAT fraud
 
The three anti-fraud measures — a new joint and several liability provision an extension to the existing security provisions and an amendment to input tax legislation to counter the use of invalid invoices — aim to stop serial abuse of the VAT system by routing out those attacking the system and discouraging legitimate businesses from dealing with those that do. At the same time...

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