Bigger ‘VAT gap’ presents Customs with a tough task
28 August 2012
HMCE's job of reducing the gap between expected and actual VAT revenues has become harder, though measures announced by the Chancellor may help.
Carousel fraud, smuggling and tax avoidance using ‘abusive grouping’ and on assigned debts and other types of non-compliance have lost the UK billions in VAT, according to HM Treasury and HM Customs...