Commentary

V5.356A Breach of record-keeping requirements imposed by directions

Part V5 Compliance, enforcement and appeals

V5.356A Breach of record-keeping requirements imposed by directions

V5.356A Breach of record-keeping requirements imposed by directions

With effect from 19 July 2006, HMRC may issue a direction to individual businesses requiring them to keep specified records relating to goods that they have traded (for example, IMEI numbers for mobile phones). The measure may only be exercised where HMRC have reasonable grounds to believe that the additional records might assist in identifying taxable supplies on which VAT might go unpaid. This fraud most commonly arises from supplies of mobile phones and computer chips, but the scope of the measure is not limited to goods of this type1.

Failure to

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