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View Full Version : Amazon and eBay to be held liable for VAT fraud by sellers - The Guardian



FraudNews
03-16-2016, 05:09 PM
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The Guardian (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGcelpIzP8fS9LcLCHVx4fxdk5tAQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779064032282&ei=W5PpVsDAKYKP3AGMzoiQDQ&url=http://www.theguardian.com/uk-news/2016/mar/16/amazon-ebay-liable-vat-sellers-budget-2016)


Amazon and eBay to be held liable for VAT fraud by sellers (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGcelpIzP8fS9LcLCHVx4fxdk5tAQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779064032282&ei=W5PpVsDAKYKP3AGMzoiQDQ&url=http://www.theguardian.com/uk-news/2016/mar/16/amazon-ebay-liable-vat-sellers-budget-2016)
The Guardian
The Treasury estimates this measure will recoup £875m in lost VAT receipts over the next four years – though it is not expected to halt tax fraud altogether. The total cost to the taxpayer of this abuse was officially estimated at £1bn to £1.5bn a year.

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More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGcelpIzP8fS9LcLCHVx4fxdk5tAQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779064032282&ei=W5PpVsDAKYKP3AGMzoiQDQ&url=http://www.theguardian.com/uk-news/2016/mar/16/amazon-ebay-liable-vat-sellers-budget-2016)