HMRC gains record revenues with crackdown on tax dodgers

New figures published today show that HM Revenue and Customs (HMRC) secured a record £23.9 billion in additional tax revenue over the last year as a result of increased activity to make sure people pay the taxes they owe.  The additional tax – which HMRC secures as a...

Tribunal tears up Next’s tax relief claim

A multi-million pound tax allowance claim made by one of the UK’s largest clothing retailers has been rejected for the second time by a tax tribunal. Next Distribution Limited, part of the Next Group Plc, claimed Industrial Buildings Allowance (IBA) on £19 million it...

Digital services suppliers get one-stop EU VAT service

Businesses supplying digital services – broadcasting, telecoms and e-services such as smartphone games and other apps – across the European Union will be able to use a one-stop VAT service from January. This will mean that they do not have to pay the tax separately in...
Lights out for electrician jailed for VAT fraud

Lights out for electrician jailed for VAT fraud

An electrician from Surrey who fraudulently claimed over £1.5 million in VAT repayments to fund a lavish lifestyle has been jailedfor three years and eight months. Melvyn Horton, 58, used fake invoices to make multiple false claims for VAT refunds to HM Revenue and...