HMRC’s VAT inspections, also known as “Control Visits,” are now based on intelligence obtained from various sources, primarily the Connect system. This system draws on statistics from government and corporate sources to create a profile of each VAT registered business, and if this data varies from that submitted on returns, it is more likely that the business will be inspected. The Connect system can also examine public social media account information, web browsing, and emails. Less than 10% of all inspections are now random. With many local VAT offices closing, the Connect system will be increasingly important as HMRC is losing significant resources.
Source Marcus Ward
Latest Posts in "United Kingdom"
- UK Internal Market Act Reforms Enhance Trade, Flexibility, and Collaboration Across Nations
- UK Unveils Post-Brexit Trade Strategy to Boost Exports and Protect Domestic Industries
- Tribunal Rules Separate Supplies in United Carpets Case, Rejects Legitimate Expectation Claim Against HMRC
- Deos Group Wins Appeal: FTT Overturns HMRC’s VAT Fraud Allegations Under Kittel Principle
- Understanding HMRC’s Updated VAT Penalty Regime: Key Changes and Implications for Businesses
