Commentary

V5.316 The possession and dealing in goods on which VAT has been evaded

Part V5 Compliance, enforcement and appeals

V5.316 The possession and dealing in goods on which VAT has been evaded

V5.316 The possession and dealing in goods on which VAT has been evaded

A person commits an offence, and is liable to penalties, if, having reason to believe that tax has been or will be evaded on them, he either—

  1.  

    (1)     acquires possession of any goods;

  2.  

    (2)     deals with any goods; or

  3.  

    (3)     accepts the supply of any services1.

An offence under this provision is tried summarily, ie before a magistrate. The maximum prescribed penalty is a fine of the greater of—

  1.  

    (1)     level 5 on the standard scale2; or

  2.  

    (2)    

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