The European Court of Justice (ECJ) has ruled that the UK had been negligent in allowing criminal gangs to flood EU markets via UK ports with cheap Chinese-made clothes and shoes. The European Commission estimated that the UK owed the bloc €2.7bn in lost duties and VAT.
ECJ judges ruled that the UK was negligent in its approach to applying EU customs rules between 2011 and 2017, resulting in lost revenue to the EU in both customs duties and VAT.
Source rossmartin
Latest Posts in "United Kingdom"
- VAT Exemption Update for Charity Fundraising Events Post-Yorkshire Agricultural Society Case
- Reeves’ VAT on Taxis Sparks Debate on Simplifying UK’s Complex Tax System
- 5 Reasons Why U.S.- and U.K.-Based Companies Should Start E-invoicing
- Chancellor’s VAT Exemption Removal for Healthcare Speculated, Government Denies £2 Billion Revenue Promise
- Wes Streeting Rules Out VAT on Private Healthcare in Upcoming Budget