VAT update: Carousel fraud- the end of the road
Article Abstract:
The Federation of Technological Industries seems to have reached a dead end in its judicial review process against the Revenue & Customs in the Finance Act 2003 legislation on imposing joint and several liability, in certain cases, and the potential for the provision of security upon the participants in a supply chain of certain electrical goods after proving that a fraud was present in the chain after the rejection of the Sixth Directive by the European Court of Justice. The legislation provides provisions for the Revenue to impose similar burdens on business under the particular registration.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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VAT update
Article Abstract:
The new VAT developments and the key technical issues in the UK are discussed. The Revenue & Customs has agreed to allow a period for reflection before introducing the VAT consequences, as it might cause a certain amount of debate and confusion in the future.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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VAT update
Article Abstract:
The latest VAT developments in 2005 are presented. The VAT on charity fundraising costs, tutor operator's margin scheme (TOMS), cultural and partial exemption and distance learning are discussed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2005
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