Tackling Intra-community VAT Fraud
Author :
Publisher :
Page : 54 pages
File Size : 28,23 MB
Release : 2016
Category : Fraud
ISBN : 9789287238276
Tackling VAT Fraud
Author : Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher : The Stationery Office
Page : 44 pages
File Size : 22,34 MB
Release : 2004
Category : Business & Economics
ISBN : 9780215018847
Book Description
Traders may not pay the correct amount of Value Added Tax (VAT) for a number of reasons including error, deliberately understating their VAT liabilities or through systematic attacks on the VAT system, with an estimated £11.9 billion lost in VAT in 2002-03. Following on from the NAO's report (HCP 357, session 2003-04; ISBN 0102927375), the Committee's report examines the scale of losses; ways of preventing and detecting fraud and other non-compliance; and methods of investigating and dealing with fraudsters. Findings include: there is scope for greater data sharing with the Inland Revenue to detect traders who are evading VAT by operating in the shadow economy (likely to be improved with the creation of the new revenue department); data sharing with other member states is particularly important in tackling missing trader fraud; more investigations and prosecutions for all types of VAT fraud would be cost effective; and Customs should make greater use of sanctions against under-declarations by accountants, lawyers and tax advisers, whilst working with the business community and professional bodies concerned to agree criteria for reporting and the remedial action expected.
Tackling Intra-community VAT Fraud
Author :
Publisher :
Page : 54 pages
File Size : 22,67 MB
Release : 2016
Category : Tax evasion
ISBN : 9789287238566
Book Description
Public Accounts Committee: HM Customs and Excise: Tackling VAT Fraud. Public Accounts Committee Thirty-sixth Report with Proceedings, Evidence (HC 512-i Not Printed Separately) and Appendices
Author :
Publisher :
Page : 40 pages
File Size : 27,8 MB
Release : 2003
Category :
ISBN :
Book Description
American VAT - The Carousel Fraud Threat
Author : Richard Thompson Ainsworth
Publisher :
Page : 6 pages
File Size : 40,90 MB
Release : 2019
Category :
ISBN :
Book Description
On Thursday, March 29, 2007 the European Commission, Directorate-General for Taxation and Customs Union, will host a one-day Conference on Fiscal Fraud - Tackling VAT Fraud: Possible Ways Forward. The conference is based on the Communication of May 31, 2006 explaining the need to develop a coordinated strategy to improve the fight against fiscal fraud. This paper indicates that the EU examination of carousel fraud points the way forward for advocates of a US VAT as well. About 40% of EU VAT fraud appears to be 'missing trader intra-community' (MTIC) or carousel fraud. The best estimates of EU losses to carousel fraud are put at 23 billion euros annually. UK studies put domestic losses from carousel fraud at 2.98 to 4.47 billion euros.Fraud concerns understandably resonate deeply among American advocates of a federal level VAT in the US. It needs to be taken into consideration that inserting a national credit-invoice VAT into the US fiscal fabric would be to set out the welcome mat for an American carousel fraud, as well as the more traditional VAT frauds. The vulnerability of a US VAT to carousel fraud is a direct result of the American tendency for national, state and local tax systems to 'piggy backing' on one another is taken into account.
Value Added Tax Fraud
Author : Marius-Cristian Frunza
Publisher : Routledge
Page : 324 pages
File Size : 26,80 MB
Release : 2018-12-07
Category : Law
ISBN : 1351580965
Book Description
Serving as an introduction to one of the "hottest" topics in financial crime, the Value Added Tax (VAT) fraud, this new and original book aims to analyze and decrypt the fraud and explore multi-disciplinary avenues, thereby exposing nuances and shades that remain concealed by traditional taxation oriented researches. Quantifying the impact of the fraud on the real economy underlines the structural damages propagated by this crime in the European Union. The ‘fruadsters’ benefit when policy changes are inflicted in an economic space without a fully fledged legal framework. Geopolitical events like the creation of the Eurasian Union and 'Brexit' are analyzed from the perspective of the VAT fraud, thereby underlining the foreseeable risks of such historical turnarounds. In addition, this book also provides a unique collection of case studies that depict the main characteristics of VAT fraud. Introduction to VAT Fraud will be of interest to students at an advanced level, academics and reflective practitioners. It addresses the topics with regards to banking and finance law, international law, criminal law, taxation, accounting, and financial crime. It will be of value to researchers, academics, professionals, and students in the fields of law, financial crime, technology, accounting and taxation.
Tackling Vat Fraud,Hm Customs and Excise
Author : Great Britain. National Audit Office
Publisher :
Page : 42 pages
File Size : 21,50 MB
Release : 2004
Category : Fraud
ISBN : 9780102927375
Book Description
Value Added Tax (VAT) is a self assessed tax on the supply of goods and services, collected by 1.7 million registered traders and paid over to Customs.Traders may not pay the correct amount of VAT for a number of reasons including error, deliberately understating their VAT liabilities or through systematic attacks on the VAT system, with an estimated £11.9 billion lost in VAT in 2002-03, including substantial nonfraud losses. The Government has set Customs a target to stop the long-term growth in the size of the overall VAT gap, and to cut it from 15.7 per cent in 2002-03 to 12 per cent of the total amount that could be theoretically collected from VAT by 2005-06. This NAO report examines Customs' approach to detecting, investigating and preventing VAT fraud; tackling the most serious type of VAT fraud known as VAT missing trader intra-Community fraud; and tracking those traders operating in the shadow economy who fail to register to pay VAT.
Value-added Tax Fraud in the European Union
Author : A. A. Aronowitz
Publisher : Kugler Publications
Page : 168 pages
File Size : 47,48 MB
Release : 1996
Category : Fraud
ISBN : 9789062991365
Book Description
This research report aims at filling the knowledge gap concerning organized business crime by highlighting one specific phenomenon, that of EU cross-border VAT fraud. It intends to provide insight into: the effectiveness of the present VAT control system; the vulnerability of legitimate trade to criminal inroads; and, the development of organized crime in this area.
Joint and Several Liability as a Measure to Tackle VAT Fraud : the Spanish Perspective
Author : A.B. Prósper Almagro
Publisher :
Page : pages
File Size : 28,32 MB
Release : 2019
Category :
ISBN :
Book Description
The major downside of the current transitional VAT system is that it has proven to be particularly susceptible to VAT fraud. This is a real problem that not only results in revenue losses for Member States, but also disrupts competition and increases compliance costs for businesses. This article explores the effectiveness of the anti-fraud measure based upon a chain liability from a Spanish perspective.
VAT Fraud and Evasion
Author : Michael Keen
Publisher : International Monetary Fund
Page : 38 pages
File Size : 36,89 MB
Release : 2007-02
Category : Business & Economics
ISBN :
Book Description
Like any tax, the VAT is vulnerable to evasion and fraud. But its credit and refund mechanism does offer unique opportunities for abuse, and this has recently become an urgent concern in the European Union (EU). This paper describes the main forms of noncompliance distinctive to a VAT, considers how they can be addressed, and assesses evidence on their extent in high-income countries. While the practical significance of current difficulties in the EU should not be over-stated, administrative measures alone may prove insufficient to deal with them, and a fundamental redesign of the VAT treatment of intra-community trade required. The current difficulties in the EU largely reflect circumstances that would not apply in the United States.
