I thought it worth sharing what follows on HMRC’s Making Tax Digital programme, on which I wrote quite a lot earlier this year. Making Tax Digital was stalled by the general election and has now been deferred and will only apply to businesses that are VAT registered, both of which developments make sense. However as
Read the Rest…
Many will know the enormous loss of VAT revenue that it has been suggested might result from fraudulent traders making sales on Amazon and eBay which they claim include VAT which never reaches the coffers of the relevant revenue authority due to receive them. As some readers are also aware, the UK has put in
Read the Rest…
I have noted before that Donald Trump is proposing to change the US corporation tax system. The essence of the change seems to be that profits attributable to exports will not be taxed whilst there will be no tax relief on imports. I have already suggested that this could be disastrous for international tax but
Read the Rest…
This is worth sharing:
The Guardian has reported that: Guardian investigations found many tax-evading sellers were trading without displaying VAT numbers on Amazon or eBay. Others were showing made up numbers, or numbers cloned, without authorisation, from unsuspecting legitimate businesses. Several sellers purported to be operating through UK trading companies, but checks showed these firms had been dissolved, sometimes
Read the Rest…
The Guardian has reported that: Amazon is quietly rooting out many of its Chinese traders who do not hold UK VAT numbers to try to protect itself from tax evasion inquiries later this year when new HMRC powers come into force, the Guardian has learned. The online retailer has been conducting a review of sellers’
Read the Rest…
The following press release was issued by Labour Front Bench Treasury spokesperson Rob Marris MP, working in association with long term anti-VAT fraud campaigner Richard Allen, who sent it to me: In a reply to Rob Marris MP, the government has admitted that not a single prosecution been made in relation to online VAT fraud
Read the Rest…
Radio 5 Live has been asking the questions: <ore good work by the tireless Richard Allen.
Watch this hearing before the Public Accounts Committee from 15.52 onwards where Dame Lin Homer is questioned about the Amazon and eBay VAT scandals. Lin Homer fails to answer questions. She cannot say why it has taken years for HMRC to address this issue. She admits HMRC do not know at present who may be
Read the Rest…
Read more about meIf you enjoyed this blog, please subscribe free by email.
Tax Research UK Blog by Richard Murphy is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
