Each year, the United Kingdom loses a billion pounds sterling in value-added tax that is not collected due to fraud or errors by vendors using websites such as eBay and Amazon, says a report from the UK’s National Audit Office commissioned by the British government.
According to this report, published on Wednesday 10 April, the sellers in question are often based in China, explains Reuters, adding that eBay and Amazon have not taken any action to deal with the problem of vendors...