Recent measures countering MTIC fraud | KPMG | UK

Recent measures countering MTIC fraud

Recent measures countering MTIC fraud

Recent measures countering MTIC fraud

1000

Also on KPMG.com

Missing trader intra-Community (MTIC) fraud is said to cost revenue authorities around €60 billion annually in tax losses. In addition to EU steps to combat MTIC fraud, Finance (No.2) Act 2017 imposes fixed penalties for entities entering into a transaction connected with the fraudulent evasion of VAT who knew or ought to have known of the connection. In a recent article for Tax Journal, Anthony Eskander, a barrister in KPMG’s legal services team, takes a look at some recent steps HMRC and the EU have taken to combat the problem of MTIC fraud.

 

To read the article*, click here.


* First published in Tax Journal on 17 November 2017. Reproduced with permission.

For further information please contact:

Anthony Eskander

Connect with us

 

Request for proposal

 

Submit