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HM Revenue & Customs

Great Britain: Parliament: House of Commons: Committee of Public Accounts
4.9/5 (34384 ratings)
Read Now Download Now ⏭ listen AudioBook
Description:In April 2010, the Department launched its renewed strategy to reduce the amount of tax lost each year due to alcohol duty evasion, principally through fraud. In 2010-11, the renewed strategy delivered £433 million in financial benefits against a target of £390 million. However, it is estimated that there is a tax gap - the difference between taxes due and the amount actually collected - of up to £1.2 billion. The Department has not produced an estimate of the tax gap for wine, despite a commitment to do so. Without reliable information on the scale and nature of duty evasion for each category of alcohol the Department cannot tailor its approach or make best use of the additional £917 million it plans to spend on reducing all kinds of tax avoidance and evasion. The Department is consulting on a range of measures to reduce alcohol duty fraud, including a proposal to introduce fiscal stamps for beer but does not yet have a full understanding of the costs and benefits of these proposals. The Department also does not make best use of intelligence and technology to detect and prevent alcohol duty evasion and needs to work more closely with the industry to improve its understanding of legitimate export markets, and improve how it works with the UK Border Force. In addition, the full capability of the Excise Movement Control System (EMCS), which facilitates the tracking of freight across the European Union and could be used to target interventions and investigations more effectively, is not usedWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with HM Revenue & Customs. To get started finding HM Revenue & Customs, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
36
Format
PDF, EPUB & Kindle Edition
Publisher
The Stationery Office
Release
2012
ISBN
UJDkBf

HM Revenue & Customs

Great Britain: Parliament: House of Commons: Committee of Public Accounts
4.4/5 (1290744 ratings)
Read Now Download now ⏭ listen AudioBook
Description: In April 2010, the Department launched its renewed strategy to reduce the amount of tax lost each year due to alcohol duty evasion, principally through fraud. In 2010-11, the renewed strategy delivered £433 million in financial benefits against a target of £390 million. However, it is estimated that there is a tax gap - the difference between taxes due and the amount actually collected - of up to £1.2 billion. The Department has not produced an estimate of the tax gap for wine, despite a commitment to do so. Without reliable information on the scale and nature of duty evasion for each category of alcohol the Department cannot tailor its approach or make best use of the additional £917 million it plans to spend on reducing all kinds of tax avoidance and evasion. The Department is consulting on a range of measures to reduce alcohol duty fraud, including a proposal to introduce fiscal stamps for beer but does not yet have a full understanding of the costs and benefits of these proposals. The Department also does not make best use of intelligence and technology to detect and prevent alcohol duty evasion and needs to work more closely with the industry to improve its understanding of legitimate export markets, and improve how it works with the UK Border Force. In addition, the full capability of the Excise Movement Control System (EMCS), which facilitates the tracking of freight across the European Union and could be used to target interventions and investigations more effectively, is not usedWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with HM Revenue & Customs. To get started finding HM Revenue & Customs, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
36
Format
PDF, EPUB & Kindle Edition
Publisher
The Stationery Office
Release
2012
ISBN
UJDkBf

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