login
login

Europe Daily Bulletin No. 11771

21 April 2017
Contents Publication in full By article 14 / 22
ECONOMY - FINANCE - BUSINESS / Taxation
UK loses a billion pounds sterling a year in unpaid VAT
Brussels, 20/04/2017 (Agence Europe)

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...

Contents

INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
NEWS BRIEFS