Taxpayer success in cases involving allegations of VAT fraud

Since 16 November 2017 HMRC can levy a 30% penalty where a business knew or should have known it was involved with VAT fraud. These can be serious issues for a business to deal with. However two recent cases illustrate...

Updated HMRC guidance on MTIC fraud

HMRC has recently updated its guidance on how to spot MTIC (missing trader intra-community) VAT fraud.  This guidance may be helpful to any client who is VAT registered, particularly those dealing with buying or selling of high value goods. It...

Does dishonesty have to be proved when alleging knowledge of VAT fraud connected with transactions?

The Court of Appeal has held that HMRC can challenge a taxpayer's right to deduct input VAT on the basis the taxpayer knew, or should have known, that its transactions were connected with the VAT fraud, without having to plead,...

VAT – Spring Budget 2017

The Chancellor announced an increase to the VAT registration threshold to £85,000 and deregistration threshold to £83,000. This will be effective from 1 April 2017 but is not expected to have any significant economic impact. In an announcement which may...