Tax Evasion

House of Lords Economic Affairs Committee report UK corporate tax regime needs reform

A cross-party group of MPs and peers on the Economic Affairs Committee (“the Peers”) have found that the UK’s corporate tax system as it currently stands “is not working and urgently needs reform”. The Economic Affairs Committee published its First Report on Tackling corporate tax avoidance in a global economy: is a new approach needed? The Committee …

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HMRC / DVLA collaborate to prevent VAT evasion on Vehicles imported into UK

HMRC have joined forces with the DVLA in an attempt to stop businesses who bring vehicles in to the UK evading VAT. The “NOVA” System The new “NOVA” system will now enable the DVLA to check if a VAT registered business has notified HMRC  when the business brings vehicles in the UK, before they register the vehicle. …

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