Boom in MTIC Fraud Cost of missing trader fraud - carousel fraud - has reached £1.4b a year, number of reported frauds in UK up third in 2006, Midlands is now UK fraud 'hotspot', six-fold rise in region due to MTIC 03.01.07 Times, Carousel Fraud, Fraud
Massive EU-Wide VAT Fraud Raid 300 HMRC investigators took part in raids across the EU this morning, arresting 15 people suspected of missing trader fraud (Missing Trader Intra-Community, MTIC), raids thought related to arrest of John Deuss and seizure of First Curacao International Bank (FCIB) 13.12.06 BBC, HMRC Press Release, Carousel Fraud
UAE Treaty to Quash MTIC Fraud Treaury hopes treaty on sharing evidence with UAE will lead to significant reduction in carousel fraud (MTIC - missing trader intra-community), Dubai seen as important hub in trade 04.12.06 Guardian, Carousel Fraud, Fraud
Internet Sales Liable to Domestic Duty In rare instance, ECJ Curia has gone against decision of Advocate General and ruled that consumers will pay domestic duties when ordering alcohol, cigarettes and other dutiable goods on the internet within the EU 23.11.06 Reuters, Booze Cruise, UK Tax
Reverse Charge VAT 'Headache' HMRC admits new system of reverse charging VAT on imported goods prone to missing trader (MTIC) fraud will be difficult for legitimate traders, plans to implement reform by 1 December 19.09.06 BBC, Carousel Fraud, EU Tax, UK Tax
Swoop on VAT Fraudsters In first combined cross-border operation,HMRC and German authorities seize 30k mobile phones in Hamburg, believed to be used in carousel or MTIC fraud, further cooperative efforts likely 04.09.06 BBC, Carousel Fraud, EU Tax
Explosion in VAT Fraud Across EU Carousel fraud, or missing trader intra-community (MTIC) fraud, involving false VAT claims, may be costing EU states £35b a year, £10b in UK Guardian EU to allow UK to charge VAT on mobile phones and computer chips only on final transaction, expected to work as temporary anti-fraud measure 11.07.06 Times, Carousel Fraud, Fraud, UK Tax
Carousel Fraud Conviction Mark Selby convicted of MTIC VAT fraud operated through companies set up to trade in mobile telephones, including Maple Link France, £326.5m credited to Selby's company account for telephones sold to 12 UK companies 19.06.06 HM Revenue & Customs, Carousel Fraud, Fraud
VAT on Football Agent Fees Newcastle United faces a substantial tax bill for player transfers and contract renewals following Newcastle United plc v Commissioners for HMRC [2006] UKVAT V19718, tribunal dismissed club's appeal, finding that VAT paid by the Club when paying agents' fees was not recoverable 14.12.06 Michael Simkins, Sports Law, UK Tax
VAT on Credit Handling Services HMRC has revised policy on the VAT liability of credit and debit card handling services supplied by agents, following the end of litigation in the cases of Bookit Ltd (Bookit) and Scottish Exhibition Centre Ltd (SEC) 03.11.06 HMRC Business Brief, Consumer Credit, UK Tax
VAT Business Brief 17/06 HMRC Business Brief, VAT partial exemption for bookmakers, recovery of VAT on specialist televisions, VAT on disposable barbecues, changes to the Registered Dealers in Controlled Oils (RDCO) Scheme: inclusion of Aviation Turbine Fuel (AVTUR), extension of the lower rate of Air Passenger Duty (APD) 20.10.06 HM Revenue & Customs, Aviation, UK Tax
New VAT Rules to Fight Fraud HMRC is applying for a derogation from the 6th EU VAT Directive to allow for the introduction of reverse charge accounting, responsibility of the purchaser, rather than the seller, to account for VAT on the transaction, applies to mobiles, CPUs, goods used in MTIC or 'carousel' fraud 18.09.06 HM Revenue & Customs Press Release, Carousel Fraud, EU Tax, Fraud
Investment Funds VAT European Court of Justice rules in Abbey National & Inscape v HMRC that although depository services remain taxable, administration services are exempt from VAT, millions of pounds likely to be saved by fund providers, Court also ruled definition of "funds management" for collective funds to be standardised in EU 10.05.06 Law Now, Collective Investment Schemes, EU Tax, Financial Services
Andersen Update Following the ECJâs recent decision in the Arthur Andersen case, HMRC issued a consultation paper on proposed legislative changes to narrow the scope of the VAT exemption for insurance-related services 17.12.05 Eversheds, Arthur Andersen, Insurance
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Paying VAT for Lap-Dancing High Ct is to decide on appeal by Spearmint Rhino from tribunal, who should pay VAT on fees for striptease, dancers are self-employed, receive the cash from clients and pay club for use of facilities 23.03.07 BBC, Employment Law, UK Tax
Duty Free Delivered to Your Door ECJ advocate general Francis Jacob has ruled that goods ordered that destination country has no right to levy duty on goods ordered over the internet and delivered within EU, court expected to approve decision next week, cost to UK could be £7b 13.11.06 Guardian, Booze Cruise, EU Tax, Retail Law, Tobacco
Freezing Orders in Winding Up In HM Customs petition for winding-up of C&E Enterprises for VAT liability, held that the court has jurisdiction to grant freezing orders against third parties pending a winding-up petition, orders should be obtained by provisional liquidators and not petitioning creditors 02.10.06 Law Now, Insolvency, UK Tax
DLA Piper Challenge HMRC on VAT Law firm DLA Piper is widening remit of Group Litigation Order to sue for damages where HMRC witholding VAT refunds to 150 firms dealing in mobile phones and CPUs for 'non-economic' purposes, bid to stamp out carousel fraud 15.09.06 Accountancy Age, Carousel Fraud, UK Tax
ECJ Rules Mobile Licences Not Taxable UK mobile operators will not be able to claim back VAT on the huge sums they paid for spectrum space in 2000 auction, ECJ has rules transactions not taxable as govt was not 'acting in a private capacity' 08.09.06 Times, Mobile Telecoms, UK Tax
VAT Carousel ECJ rules that companies suspected of selling on goods previously used in VAT 'carousel' scam are still entitled to VAT refund, could cost Exchequer hundreds of millions 13.01.06 Telegraph, UK Tax
