David Bedenham Discusses a Recent FTT Decision Relating to Carbon Credit Missing Trader Fraud and Assessment Time Limits – 11 KBW
‘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