HMRC’s Business Record Checks programme is running at its highest level since it began in 2011, with the number of checks increasing by 60% from 3,431 (2011/12) to 5,515 (2013/14), according to PfP, the experts in tax investigation insurance.
The Guidelines on Revenue’s Service to Practitioners and Business Taxpayers have been updated.
The Irish Revenue have published guidelines on 'How to Protect Your Business from Becoming Involved in VAT Fraud' within Chapter 16 of the VAT Manual on the Revenue website. These guidelines are intended to help businesses avoid becoming involved in such illegal transactions.
Farming with a moderate scale represents the trend of modern agriculture and should be carried forward according to law, Premier Li Keqiang said during a trip to China's major grain-producing Shandong province on 24 July.
Norman Chan Tak-lam, the chief executive of the Monetary Authority, has rejected calls from lawmakers to use part of Hong Kong's HK$3 trillion Exchange Fund to pay for infrastructure projects or social welfare. Mr Chan stated the fund needs every penny to cope with unexpected financial crises.