Sentences with phrase «vat evasion»

The solicitors» client was suspected of VAT evasion.

As a consequence of these statements, even though the Member States have «freedom to choose the applicable penalties» between administrative and criminal penalties, the last ones may be necessary to «combat serious cases of VAT evasion in an effective and dissuasive manner» (§ 39).

The CJEU's reasoning mainly focuses on the third question, considering this to be the «essence» of Italian's judge's request, and reformulates the question as follows: «does a national rule such as that established by the provisions at issue [amount] to an impediment to the effective fight against VAT evasion in the Member State concerned, in a manner incompatible with Directive 2006/112 and, more generally, with EU law» (§ 34)?

The Court, however, leaves it up to the referring court to assess whether (1) the Italian system has the effect of neutralizing this «effective and dissuasive penalization» in a «considerable number of cases» (§ 47) and (2) whether the discussed provisions apply to cases of VAT evasion in the same manner as they apply to fraud affecting the Italian Republic's own financial interests.

Not exact matches

The three reviews will be carried out by MPs on the Treasury Committee; they will look at the VAT in relation to Tax Gap, Brexit, Business and Good Tax Policy; how well HMRC is dealing with tax avoidance and evasion; and The Conduct of Tax Enquiries and the Resolution of Tax Disputes.

By imposing third - party reporting of expenses, a VAT system reduces tax evasion relative to a self - reported income tax system like that used in the U.S. where the IRS periodically audits business expenses, but there is widespread abuse in the area of business expenses (especially in small businesses that often treat what should be considered personal expenses as business expenses) due to a lack of third - party reporting of business expenses the way that it has third - party reporting of business income via 1099 information tax returns.

VAT has the virtue of being simple to collect and with very low levels of evasion, but it's the wrong call as it's deeply regressive and hits the poorest hardest.»

Earlier this month the European parliament announced an inquiry into financial crime, tax evasion and tax avoidance, including measures to circumvent VAT on private jets facilitated by Appleby.

Many moons ago when I took the Chartered Institute of Taxation exams (never could get my head round VAT) the difference between evasion and avoidance was drummed into you.

Representing one of the largest Japanese medical appliances companies providing assistance in negotiating with the Chinese customs authority in connection with the authority's investigation of evasion of Chinese customs duty and VAT payment.

The allegations related to carousel fraud and was said to involve the evasion of some # 18m in VAT.