With the increasing threat of MTIC fraud in numerous industries HM Revenue and Customs (HMRC) have in place various notices, measures and powers to enforce substantial penalties and assessments on businesses not performing the required due diligence checks.
You will find links to the relevant notices and guidance issued by HMRC detailing their requirements for due diligence, and the sanctions HMRC can take if you run the risk of trading without carrying out due diligence. HMRC can impose sanctions against any business where there is the risk of Missing Trader Fraud in supply chains.
This page will be updated as new information, notices or guidance become available. If you wish to see the Notices detailing HMRC’s requirements then these can be found as follows:
If you require any further information or assistance please contact us on 0844 561 6852 or by email.
