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1142436
star this property registered interest false more like this
star this property date less than 2019-07-25more like thismore than 2019-07-25
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading VAT: Tax Evasion more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the amount lost to the Exchequer due to VAT fraud perpetrated by online traders based outside the EU; and what estimate they have made of the proportion of that fraud originating in China. more like this
star this property tabling member printed
Lord Clement-Jones more like this
star this property uin HL17510 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-08-06more like thismore than 2019-08-06
unstar this property answer text <p>The information requested is not held. HM Revenue &amp; Customs (HMRC) estimate the tax gap, which encompasses fraud for VAT, excise duties and customs duty. However, it is not possible to produce these estimates for online traders based outside the EU, and for fraud originating in China. Tax gaps for VAT, excise duties and other taxes overall are provided in HMRC’s publication ‘Measuring Tax Gaps’.</p><p> </p><p>HMRC estimate that the tax loss from VAT fraud and error on online marketplaces was between £1 billion and £1.5 billion in 2016/17. The department estimates that overseas sellers contributed to approximately 60% of the VAT loss.</p> more like this
star this property answering member printed Lord Young of Cookham more like this
star this property question first answered
remove filter
unstar this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
3396
unstar this property label Biography information for Lord Clement-Jones more like this