VATupdate

Share this post on

PAC questions HMRC on child trust funds and VAT compliance

Lake asked Harra why these overseas businesses would ‘suddenly’ want to register a UK address as a flat in Wales.“That is a mystery”, said Harra. He observed that out of the 11,000 businesses involved, around 2,300 of them owe HMRC a debt that predates the 2021 online marketplace rules. Due to the unresolved address issue, HMRC lacks a valid address to correspond with these businesses regarding their debts.

Source: tax.org.uk

Sponsors:

VAT news

Advertisements:

  • VAT news