UK losing billions from leaky online VAT laws | International Tax Review

The UK is losing between £1 billion and £1.5 billion ($1.3-1.9 billion) to online VAT fraud and errors per year, a new report has said. The report comes just days after the EU said it could fine the UK €2 billion for failing to charge customs duties on the import of Chinese goods.

Source: UK losing billions from leaky online VAT laws | International Tax Review

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