Using the discretion to direct stagger - addressing stagger manipulation and suspected MTIC fraud cases: introduction
This section provides best practice on dealing with cases of perceived manipulation of stagger to obtain a cash flow advantage. It gives guidance on circumstances where it is appropriate in sectors having a high risk of missing traders, to:
- move traders from monthly to quarterly returns;
- refuse requests by traders to move from quarterly to monthly returns; or
- refuse requests by traders for monthly returns at the time of registration.
VATAC5000 provides further details of how to deal with cases where the stagger is manipulated to obtain a cash flow benefit. VATAC6000 provides additional guidance in cases where the stagger facilitates MTIC fraud.
The owner of the policy is the VPOT - VRAP Team.