
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
The Tobacco Curse: Why Belarus Smokes And Smuggles Cigarettes
More than 65% of Belarusian university and high school students smoke, according...
‘Operation Team Player’ nets more than $37 million in fake merchandise More than 70 people arrested; over 5,000 websites seized in coordination with NFL
WASHINGTON — Federal officials announced Thursday the final record-breaking...
2 Held; Cigarettes Valued at Rs 1.5 Crore Seized from Bihar’s Muzaffarpur
Patna: The Directorate of Revenue Intelligence (DRI) arrested two persons and...
Study: 40% of cigarettes consumed in West Bank sold ‘illegally’
RAMALLAH (Ma'an) -- A large percentage of cigarettes consumed in the Palestinian...