header-logo header-logo

14 June 2007
Issue: 7277 / Categories: Legal News , Tax , EU
printer mail-detail

TACKLING VAT FRAUD

In brief

The European Commission has been charged with the task of coming up with proposals for tackling VAT fraud that can be implemented by the end of next year. EU ministers last week asked the Commission to come up with specific proposals to allow easier sharing of information between enforcement agencies and to beat intra-EU scams such as carousel or missing trader fraud, where goods are moved through the EU in a chain of transactions, allowing VAT to be reclaimed on each one. The Commission estimates that member states are losing as much as 2.5% of their gross domestic product as a result of VAT fraud.

Issue: 7277 / Categories: Legal News , Tax , EU
printer mail-details

MOVERS & SHAKERS

mfg Solicitors—Deborah Bufton

mfg Solicitors—Deborah Bufton

Law firm boosts residential property team with new associate appointment

Flint Bishop—Russell Bainbridge

Flint Bishop—Russell Bainbridge

Flint Bishop lands corporate partner from Knights amid Sheffield growth drive

Bird & Bird—Huw Edwards

Bird & Bird—Huw Edwards

Bird Bird appoints expert tech patent litigator as new partner in London

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

back-to-top-scroll