US EditionKittel VAT: How to control the uncontrollable - M J Bushell
Summary by M J Bushell
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Kittel VAT: How to control the uncontrollable - M J Bushell
Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and this can sometimes amount to a significant amount of money. The notice comes when a trader “knew or should have known” their transaction was linked to fraudulent evasion of VAT. This makes it ineligible for a deduction of input tax. Kittel VAT can seem like an ever-present threat hanging over…
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