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Posts tagged with "value-added-tax-vat"

HMRC to make online VAT filing compulsory

August 10 2011

Registered businesses which have a turnover of £100,000.00 or below will soon be required to file VAT returns on-line.  This is a part of a four year plan to roll out a complete web based tax filing system. It is estimated that   Read More…

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HMRC to launch raids on the counterfeit alcohol trade

August 02 2011

HMRC are launching raids on shops suspected of selling bootleg and counterfeit alcohol. This decision comes after the success of  HMRC’s pilot raids on several premises, owned mainly by foreign nationals, selling non duty paid alcohol or cigarettes, resulting in revocation of   Read More…

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Fast food establishments to be targeted for VAT

July 17 2011

HMRC have launched a drive against fast food establishments as a part of their effort to recover unpaid VAT. HMRC claims that it has evidence that certain fast food establishments are submitting false tax records. To curtail this, the revenue department has   Read More…

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HMRC Target 40,000 Firms in VAT Crackdown

July 07 2011

As part of a campaign at VAT rule-breakers, HM Revenue & Customs (HMRC) will be writing to over 40,000 individuals and businesses whom they suspect of trading above the VAT threshold of £73,000 turnover and who have not registered for VAT. Under   Read More…

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