HMRC cracks down on gangs over renewable energy VAT fraud

Emergency action came into effect without notice to avoid tipping off fraudstersCriminal gangs are targeting the renewable energy industry in the latest wave of VAT fraud that has been blamed for draining billions of euros from the EU every year.HM Revenue & Customs said it had cracked down on the trading of renewable energy certificates “with immediate effect” to counter “a serious and credible threat to the VAT system”. Continue reading...