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Scams steal £8.4bn from taxpayer

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    Scams steal £8.4bn from taxpayer

    Oh well ! that a little less for gordon to squander on single parents !

    http://news.bbc.co.uk/1/hi/business/5366914.stm

    #2
    In the old days a loss of this magnitude woud have resulted in heads rolling... suppose today it's all 'retraining or counselling'
    How fortunate for governments that the people they administer don't think

    Comment


      #3
      I know, let's recover all that tax those IT contractors avoid paying ... I doubt they vote Labour anyway since most are neo-nazi fascists.

      Comment


        #4
        Originally posted by Jabberwocky
        I know, let's recover all that tax those IT contractors avoid paying ... I doubt they vote Labour anyway since most are neo-nazi fascists.

        Yes, lets typically go after the sitting targets ! they take far less work !

        Comment


          #5
          Originally posted by Andyw
          Yes, lets typically go after the sitting targets ! they take far less work !
          Only fair
          How fortunate for governments that the people they administer don't think

          Comment


            #6
            Too lazy to look for link but HMRC have tried to combat this by insisting that VAT on items like mobile phones cannot be reclaimed by the buyer and it has been challenged in court. Forget the details, but definitely sounds in the going after the sitting/law abiding targets category.
            bloggoth

            If everything isn't black and white, I say, 'Why the hell not?'
            John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

            Comment


              #7
              FFS, if Barclaycard, etc. can use some fuzzy logic systems to detect dubious transactions, surely HMRC could do the same. Otherwise does anybody have further details on the practical details of scam :-)

              Comment


                #8
                Simple scam for you

                Company A is Vat Registered
                Company B is not Vat Registered

                Company A spends £30k on stock and pays VAT.
                Company A then sells the stock to Company B for £10k and invoices for VAT.
                Company B pays company A £11750
                Company B then sells the stock for £50k

                Question. How much has Gordon lost out on?????
                What happens in General, stays in General.
                You know what they say about assumptions!

                Comment


                  #9
                  Originally posted by MarillionFan
                  Question. How much has Gordon lost out on?????

                  Not enough !

                  Comment


                    #10
                    The more oppressive you make your tax regime...the more people will do to get out of paying.

                    Quite simple really.

                    Mailman

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