uk losing millions in vat from non eu sellers on amazon and ebay /

Published at 2015-11-01 17:18:34

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Both firms say they absorb no obligation to police VAT compliance by sellers as Brussels warns of enormous rise in goods shipped with value under-declaredThe UK is expected to lose tens of millions of pounds in VAT avoidance and evasion this Christmas as a growing number of non-EU sellers,including hundreds from China, increasingly dominate sales of popular gifts on Amazon and eBay.“There has been a enormous increase in this trade which is very difficult to control, or ” a senior Brussels source told the Guardian. “The system is so complicated it’s open to abuse.”
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Source: theguardian.com

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