Government Acts Over High-tech VAT Fraud
News The UK government has applied to opt out of Europe-wide laws governing VAT, in an attempt to clamp down on criminals who use computer components to commit fraud. Carousel fraud, also called missing trader fraud, occurs when a company charges VAT on...
[January 27, 2006, 13:25]
Man Gets Five Years For £14m Computer Fraud
News A man who was found guilty of a £14m VAT fraud involving computer equipment was jailed this week for five years. A customs spokesperson said VAT missing trader fraud is widespread, and is often conducted by organised crime gangs.
[July 19, 2002, 15:07]
Data-matching Could Catch VAT-dodgers
News Despite the huge loss to the government's coffers, Customs has no estimate of the how much of this is caused by genuine error and how much is lost through abuse and fraud. Prompt exchange of accurate and up-to-date information on traders with other...
[July 29, 2004, 14:20]
UK Suffers Blow In Fight Against High-tech Tax Fraud
News It had ruled that they could not claim a VAT refund on high-tech equipment they sold which may have previously been used in a VAT carousel fraud. So-called "carousel" fraud is a serious issue in the UK where VAT officials believe that companies are...
[January 13, 2006, 13:30]
Tech Helps UK Fraud Reach A 12-year High
News The UK suffered more than £1bn of fraud in 2007, 90 percent of which was perpetrated by organised gangs carrying out ID theft and VAT scams, according to the KPMG Forensic Fraud Barometer. Fraud in the UK hit a 12-year high last year as criminals...
[February 5, 2008, 8:48]
ZoneAlarm Internet Security Suite 6.5 review
Reviews If your personal information is found, you'll be notified and told what you can do to prevent fraud and abuse. VAT) cost. After answering a few marketing-type questions, such as how important virus protection is to you, ZoneAlarm launches.
[July 3, 2006, 15:55]
Customs & Excise Overhaul To Fight Fraud
News For example in our VAT work we would be able to download information on a company's tax," Thomson said. According to a HM Customs & Excise spokesman Mark Thomson the overhaul will "better utilise staff time" and make communication between...
[February 19, 1999, 9:04]
