VAT update: Accountancy monthly round-up of the latest VAT developments

Article Abstract:

Customs has issued a consultation paper concerning its tightening up of VAT group registration rules and suggests the implementation of new rules in the summer of 2004 to automatically narrow the criteria for VAT grouping. This would take the pressure off Customs to exercise its powers of protecting the revenue by denying group registration, or by breaking up existing VAT groups.

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New civil investigation of fraud procedures

Article Abstract:

The Revenue and Customs department has issued new procedures relating to the civil investigation of fraud. These procedures replace the former inland Revenue's Hansard procedures and the former Customs and Excise Civil Evasion procedures and relate to both direct and indirect taxes.

Tax Administration, International aspects, Tax administration and procedure, Governmental investigations, Government investigations

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VAT update

Article Abstract:

The amendments made to VAT return as on July 2004, are described. The changes that include customs issues avoidance scheme disclosure requirements, and policy on property deal input tax, are highlighted.

Property Taxes, Property tax, Tax returns

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