BBCNEWS The Billion Pound VAT Scam - Panorama November 29, 2017
Its one of amazon and ebays busiest days. But as you click to buy, you might be taking part in a fraud. Its an online tax scam thats costing the country more than a billion pounds a year, and putting british firms out of business. Weve set up a British Company, biltons bargains and were going tojoin in the scam. Im going to use both ebay and amazon to sell my illegal products. What were looking at here is evasion of vat by overseas sellers who sell to uk consumers online and the rate of evasion by those retailers is quite high. Its between £1 billion and £1. 5 billion a year in lost vat to t...