
UK Recovers GBP 1.6 Billion From Smugglers
The rapidly growing tax burdens on alcohol and tobacco are fuelling mass smuggling in the UK, although efforts by tax authorities are helping to bring a significant portion of the contraband back into the tax net. Investigations into smuggling of tobacco and cigarettes in the UK in 2015 led to the recovery of GBP 1.63 billion in taxes, according to the results of new research completed by the UK accounting firm UHY Hacker Young.
The amount of taxes collected from uncovered smuggling operations in 2015 is 6 percent higher than in the previous year.
http://www.taxationinfonews.com/2016/03/uk-recovers-gbp-1-6-billion-from-smugglers/
Related Posts
Hyderabad police busts fake currency printing gang, Rs 16 lakh seized
The City police on Thursday busted a fake currency printing gang and arrested...
Chinese counterfeits leave Ghanaian textiles hanging by a thread
Wax-printed fabric, a source of national pride that has come to represent African...
Delhi: 44-year-old woman arrested at Delhi Airport for smuggling gold worth Rs 50 lakh
New Delhi , December 17 (ANI): A 44-year-old woman was arrested at Indira...
Tobacco smuggling a real problem
SMUGGLING of undeclared goods is becoming an issue in Fiji as the Fiji Revenue...