Commentary

V5.273 Missing trader intra-community fraud—additional reporting requirements

Part V5 Compliance, enforcement and appeals

V5.273 Missing trader intra-community fraud—additional reporting requirements

V5.273 Missing trader intra-community fraud—additional reporting requirements

FA 2006 introduced a reverse charge for certain goods (and subsequently services) which are commonly the subject of missing trader inter-community (MTIC) fraud (see V3.233). HMRC may, by regulations made under VATA 1994, Sch 11, para 2(3A), (3B):

  1.  

    •     require the submission of statements (Reverse Charge Sales Lists, or 'RCSLs') containing prescribed particulars of the supplies (see V3.233) to which the reverse charge relates, and of the persons concerned in those supplies

  2.  

    •     require a person who:

  3.  
    1.  

      (a)     first makes a supply to which the reverse charge applies

    2.  

      (b)     ceases to make

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