Commentary

V7.317 Fraud—ensuring innocent businesses are safe from the 'joint and several liability' legislation

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.317 Fraud—ensuring innocent businesses are safe from the 'joint and several liability' legislation

Part V7 Tax planning | Commentary

V7.317 Fraud—ensuring innocent businesses are safe from the 'joint and several liability' legislation

In reality, any business that trades in either computer or mobile phone goods must now have very clear procedures in place to check out the validity and bona fides of all its suppliers. Although this sounds common sense, there are always temptations to ignore procedures when a good deal appears to be on the table.

HMRC has indicated that:

  1.  

    •     it will only issue a notice of liability if the goods in question were sold as an onward sale – there would be no problem if, for example,

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