‘Missing trader (or ‘MTIC’) fraud has blighted various trade sectors from mobile phones and CPUs to platinum and carbon credits. It is in the latter sector that we have seen some of the largest denials of input tax based on the Kittel principle.’
11 KBW, 5th January 2016
Source: www.11kbw.com
“The three-month time limit under article 9(3) of Directive 2003/87/EC during which the Commission might reject a member state’s plan stating the total quantity of greenhouse gas emission allowance that it intended to allocate, started to run from the initial notification and subsequent notifications of different versions of the plan, so that each notification triggered a new three-month time-limit.”
WLR Daily, 22nd March 2011
Source: www.iclr.co.uk
Please note that once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Criminals have been using EU green schemes to commit VAT carousel fraud, the Government has said. It has put an end to the charging of VAT when carbon emissions are traded to stop the activity, it said.”
OUT-LAW.com, 3rd August 2009
Source: www.out-law.com
“The Environment Agency is to be given powers to seize planes from airlines which break the rules of a new scheme to limit flights’ carbon emissions. The transport secretary, Geoff Hoon, and the climate change secretary, Ed Miliband, will today announce the government agency’s new role, which goes far wider than its regulation of other UK industries.”
The Guardian, 4th March 2009
Source: www.guardian.co.uk
“The government last night moved to tighten its commitment to the 80% reduction of carbon emissions by the year 2050, introducing a safeguard that a limit be placed on reductions achieved by buying international offsetting credits.”
The Guardian, 18th November 2008
Source: www.guardian.co.uk
“The UK government’s groundbreaking bill to combat climate change cleared its first hurdle in the House of Commons last night.”
The Guardian, 10th June 2008
Source: www.guardian.co.uk
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