
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
Toyota drags retailers to court for allegedly selling fake airbag accessories
Toyota Australia on Monday initiated legal proceedings against them for allegedly...
Oireachtas committee sought action on cigarette smuggling in 2013
An Oireachtasdommittee wrote to the justice minister in March 2013 highlighting...
Fake tech gear has infiltrated the U.S. government
This counterfeit microchip for military use was seized by U.S. Customs and Border...
Crackdown on social media piracy
National Trading Standards said Operation Jasper was the largest of its kind ever...