Commentary

V7.313 Introduction to MTIC and other fraud

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.313 Introduction to MTIC and other fraud

Part V7 Tax planning | Commentary

Knowing your suppliers and customers

V7.313 Introduction to MTIC and other fraud

The impact of the global economy means that many more businesses are involved in international transactions which, in turn, means that VAT decisions and issues have international factors to consider. For example, a UK business providing consultancy services to a Swedish business customer knows it will not charge UK VAT if it acquires evidence that the customer is 'in business' – this evidence usually means obtaining details of the customer's VAT number in his own country. But how do we know if it is a genuine VAT

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