The Treasury Committee has launched a wide-ranging inquiry on VAT while the Treasury sub-committee is to conduct two further inquiries into tax avoidance and evasion, and the resolution of tax disputes.
There will be four components to the committee's VAT inquiry, including considering where VAT causes the biggest problems for business, how the situation might be improved, and how disagreements between businesses and HM Revenue & Customs (HMRC) about how much VAT is due can be resolved quickly. According to the Treasury, VAT is "notoriously complex and burdensome for business to cope with". The committee will also look at the tax gap and how it might be addressed - HMRC has estimated it was unable to collect £12.6bn in 2015/16. Other areas of focus for the inquiry will be the oppo...
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