Please excuse me not providing a name but I wish to protect my identity.
I recently left a practice that I believe was committing VAT fraud. No returns have ever been submitted (there was a glitch in setting up the VAT registration) but the company is still collecting VAT from customers. Bearing in mind they turn over well over £1m that's an extreme amount of money.
I think the VAT owing when I left was around £630k but HMRC aren't chasing or sending reminders even though returns have never been submitted.
I don't believe the liability is shown on the accounts when they're submitted to CH - the VAT debt is removed I think so the balance sheet is kept positive.
The director is well aware but turns a blind eye, hiding behind 'limited liability'.
I know I should report it but when you report fraud to HMRC you need to give your details which I don't want to do - what should I do?