Vat

The taxpayer was defeated over a penalty due for late registration but was aided by the application of HMRC’s secret ‘liable no longer liable’ concession. The FTT case of Stanley Chmiel (TC07112) was a routine win for HMRC. His company Kudos Building and Electrical Services Ltd was late registering for […]
The owner of a Surrey restaurant who used stolen VAT money to pay her children’s school fees has been jailed. Huey Jun Khoo, along with her business partner Jing Fu, used an off-the-record card machine at the Bon East Chinese restaurant in Farnham to pocket £180,000 in VAT over four […]
Chas Roy-Chowdhury, global head of tax at ACCA (the Association of Chartered Certified Accountants) says: ‘While the government’s aim is to keep VAT procedures as close as possible to what they are now, there’s a strong possibility that things will change and that more guidance is to come – for […]
Amazon and eBay are to ink a deal with the UK tax man this month to provide data on potential VAT evaders. Both companieses confirmed to The Register they will sign a voluntary agreement with HMRC, along with other online marketplaces, to combat sellers failing to pay their fair share of tax […]