Electrician jailed after VAT scam short-circuits

Electrician jailed after VAT scam short-circuits

An Suffolk electrician has been jailed for 10 months for an £80,000 VAT fraud following an investigation by HM Revenue and Customs (HMRC). Steve Newman, 37, of Sudbury Suffolk, owner of electrical company SN Electricians, registered for VAT in 2006 but paid nothing to...
Volkswagen reveals prices for new all-electric e-up!

Volkswagen reveals prices for new all-electric e-up!

The all-electric Volkswagen e-up! goes on sale on Monday 2 December priced at £19,250 (including £5,000 Government grant or £24,250 on the road). Customers wishing to take the lead with this innovative city specialist will be able order their e-up! from one of 24...

China Becomes the Worlds largest Economy in 2013

By most estimates, in 1990 China’s GDP was about one quarter of the size of the United States. By 2006, China’s GDP was about half that of America. By 2011, the gap was minor. In 2012, the title of Worlds’ largest country as measured by GDP no longer belonged to the...
HMRC responds to PAC report

HMRC responds to PAC report

HM Revenue and Customs (HMRC) has responded to today’s Public Accounts Committee (PAC) report on its Annual Report & Accounts 2012-13. “HMRC strongly disputes the conclusions in the Public Accounts Committee report and challenges the Committee’s selective and...