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Time for online marketplaces to collect and remit VAT …1-1.5BnGBP lost in 2016/17 (… in 2016/17)

HMRC estimate that the tax loss from VAT fraud on online marketplaces, where firms that should pay VAT but don’t, was between £1 billion and £1.5 billion in 2016/17.

Source aatcomment.org

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