VAT news tagged as "Wholesale Fraud"

United Kingdom

UK telecoms VAT fraud

January 19th, 2016

The UK’s HMRC will introduce domestic VAT reverse charge measures on 1 February 2016 to combat VAT fraud in the wholesale telecoms markets. The measure, which withdraws the cash payment of VAT on B2B voice and data telecoms services, follows consultation with the industry where VAT fraud is suspected. This is the latest industry sector …