VAT avoidance
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Your support makes all the difference.CUSTOMS AND Excise is targeting construction as part of an effort to reduce the estimated pounds 1bn in VAT revenue lost each year through avoidance schemes.
A consultation document published yesterday highlights the supply of construction services as one area it feels could be subject to a general anti-avoidance rule if the Government decides to move away from the traditional approach of cracking down on specific abuses as they arise.
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