
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
Illegal Tobacco Trade Costing The Country Billions In Lost Taxes
The Portfolio Committee on Trade and Industry today heard that the government has...
NIA names two Pakistani nationals in fake currency smuggling
JAIPUR: The National Investigation Agency (NIA) on Friday said it has filed a...
Fake eggs may replace oiling in bid to control seagull menace in Gloucestershire
They are the winged menace that terrorise the streets.But their days could be...
Two jailed for selling fake Premier League merchandise
Two Peterborough men have been sent to prison after being found guilty of illegal...
