HMRC has provided Chartered Accountants Ireland with a leaflet on what it views as some of the key fraud indicators, along with the steps HMRC would expect legitimate businesses to take to avoid being unwittingly caught up in fraud.

The purpose of the document is to provide an overview of HMRC activity to tackle Missing Trader Intra-community, alcohol, and tobacco fraud. It includes information on the scale of the fraud; its cost to the Exchequer and what HMRC are doing in response.

The leaflet contains information on why legitimate businesses should worry about such activities, what businesses can do and examples of some of the warning signs to watch out for. Should readers wish to receive a copy of the leaflet they are asked to contact Leontia Doran at the Institute.