Feeds

HM Customs denies it is heavy-handed

VAT the name of the game...

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Customs and Excise has denied that its national investigation service is specifically targeting IT inward investors - viewed as high-profile and lucrative targets - in a revenue-raising plan. But representatives of inward investors have met Customs to seek reassurances that they are not being singled out for heavy-handed treatment. There are concerns that high-profile Customs raids will deter large high-tech companies from investing in the UK. Although companies that fear they are being targeted are loath to go public, there are efforts being made to try and negotiate with Customs. In Scotland, a consultative committee, including lawyers and accountants, acting on behalf of inward investors has met Customs. "Very few of these cases are downright fraud," said David Moore, partner at Price Waterhouse Coopers in Glasgow. "But Customs appear happy to let companies arrive and operate for a few years, so that the value of allegedly unpaid duty builds up." The investigations arm of Customs and Excise is believed to be concerned that high-tech firms are evading VAT by undervaluing equipment that comes into the UK. Customs is concerned with claims that companies are importing the same goods from number of countries and paying VAT only on the lowest price. Customs denied that high-tech companies were being specifically targeted. "There is no investigations going on into high-tech companies," said a Customs spokesperson. "But if companies are under-declaring VAT then they should not be doing it."

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.