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HM Revenue & Customs has long viewed industries trading in high value goods, such as wholesale mobile phones, as being plagued with VAT carousel fraud*, a type of fraud that was said to have cost the country in excess of £30 billion per year at the height of its problem. For people who have traded
Director Disqualifications rose in 2013/2014 According to the Insolvency Service’s annual report and accounts for 2013/14, 1,273 directors were disqualified in this country. Other interesting figures for director disqualification over the same period are: There has been a 23% increase in director disqualifications compared to 2012-2013; The average length of disqualification undertakings and orders secured against