The UK government has applied to opt out of Europe-wide laws governing VAT, in an attempt to clamp down on criminals who use computer components to commit fraud. Her Majesty's Revenue and Customs ...

On 2 October, the Council agreed a proposal that will allow temporary derogations from normal VAT rules in order to better prevent VAT fraud. The proposed directive will allow member states that are ...

The content on this page is provided for reference purposes only. This content has not been altered or updated since 5 May 2020 The Council is working on a proposal for a Council directive which aims ...

LONDON, Aug 20 (Reuters) - Britain is the main target in Europe of so-called carousel fraud, losing an estimated 2 billion to 3 billion pounds ($3.30 billion-$4.96 billion) in potential tax revenues ...