HM Customs and Excise: Improving VAT Assurance

Sir John Bourn, head of the National Audit Office, today reported to Parliament on HM Customs and Excise’s collection of £29.6 billion VAT from the majority of the UK’s 1.6 million registered VAT traders. The Department’s strategy has been to shift auditing effort towards those traders presenting the highest risks to the revenue and, since […]