The government has swiftly brought in measures to stop a renewable energy sector VAT fraud - one of a range of scams costing EU states an estimated €50bn each year.
The assignation of almost £6bn in VAT revenues to the Scottish Government is to be put on hold due to concerns that volatile estimates of tax receipts would pose an “enormous risk” to the Scottish...
The chair of the Public Accounts Committee has written to the chief executive of HM Revenue & Customs concerned only a “fraction” of online fraud VAT was being clawed back.
Inconsistent and inadequate data and tools are hampering the European Union’s ability to counter intra-community VAT fraud, which costs the bloc at least €60bn every year, auditors have warned.