7 December 2018
According to figures released by HMRC, an estimated £13.3 billion in UK VAT revenue was lost due to non-compliance or non-collection during the year 2017/18. When compared with the same figures from 2016/17 this shows an increase of £1.3 billion.
The main factors contributing to were insolvencies, bankruptcies, fraud, administrative errors and legal tax optimisation.
LATEST NEWS
France introduces €2 customs charge on a per item...
From 1 March 2026, France will levy a €2 “taxe sur les petits colis” charge on low‑value imports (under €150) brought into France from non‑EU...
SEE MORE
LATEST NEWS
EU confirms €3 flat rate customs duty on low value...
In February 2026, the Council of the EU formally approved the removal of the EU’s threshold‑based customs duty relief (the €150 de‑minimis) with effect...
SEE MORE
LATEST NEWS
Azerbaijan introduces mandatory VAT Registration for...
Azerbaijan has approved significant reforms to its VAT rules for non‑resident digital service providers, moving from a withholding‑based model to a...
SEE MORE