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1142436
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading VAT: Tax Evasion more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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
tabling member printed
Lord Clement-Jones more like this
uin HL17510 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
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
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:37:53.7Zmore like thismore than 2019-08-06T13:37:53.7Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
3396
label Biography information for Lord Clement-Jones more like this