money laundering Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/money-laundering/ Chartered Accountants & Business Advisors Fri, 04 Oct 2019 10:50:02 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1.3 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg money laundering Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/money-laundering/ 32 32 October 2019 news https://www.wrloaccountants.co.uk/october-2019-news/ Fri, 04 Oct 2019 10:50:00 +0000 https://www.wrloaccountants.co.uk/?p=3043 In this month’s Enews we report on the delay to the VAT domestic reverse charge and the announcement of an independent review of the loan charge. A consultation has also been launched on clinicians’ pensions. With inheritance tax statistics, latest Brexit guidance, changes to insolvency and money laundering non-compliance there are lots of issues to consider. VAT domestic reverse charge for building and construction services delayed Independent review of the Loan Charge Senior clinicians’ pensions consultation HMRC collects record amounts of IHT ‘Major gaps’ in no-deal Brexit guidance Brexit-readiness events for business Experts warning over insolvency debts Money Laundering non-compliance VAT domestic reverse charge for building and construction services delayed HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on VAT fraud. According to the government, large amounts of VAT are lost through ‘missing trader’ fraud. As part of missing trader fraud, VAT is charged by a supplier, who then disappears, along with the output tax. The VAT is thus lost to HMRC. The construction industry is considered a particularly high-risk sector. The reverse charge when introduced will not change […]

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