
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
Fight Against Online Sale of Fakes Goes on for Alibaba Group
In an ongoing battle against the online sale of counterfeit merchandise, Alibaba...
Two crore worth gold seized at Mangalore Airport.
Mangalore, Jan 15 (UNI) In one of the biggest seizure of gold in the new decade,...
Blaina man fined £1000 over fake retro footy shirts
A Businessman was fined £1,000 for selling counterfeit sports gear on a popular...
Police seize tobacco allegedly smuggled by snowmobiles along St. Lawrence
Officials say they’ve broken up an alleged smuggling operation that was moving...


