News / UK exchequer may have missed billions of VAT revenues via non-declarations

UK Border Force Photo 79262952 © Christine Bird Dreamstime.com

21/03/2022

The UK government has failed to collect VAT on up to 400 million European import shipments worth more than £30bn ($39.5bn) in taxes due to the UK’s delayed implementation of new declarations last year, it was claimed this week.

There could be up to 400 million ...

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Paul Sims
March 21, 2022 at 3:38 pm
I guess this will mean closer examinations of Customs Tariff Classifications and Customs Compliances.

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