VAT news tagged as "Kittel principle"

United Kingdom

UK VAT fines if ‘should have known’ of fraud

September 30th, 2016

The UK’s HMRC has launched a consultation on VAT fraud, which includes introducing potential fines on companies that ‘knew or should have known their transactions were connected with fraud’. Arguably, EU case law points to parties in a fraudulent transaction who merely knew or should have identified the fraud (didn’t instigate or benefit from the …