VAT: Fraud

Treasury written question – answered on 13th March 2007.

Alert me about debates like this

Photo of Kelvin Hopkins Kelvin Hopkins Labour, Luton North

To ask the Chancellor of the Exchequer what estimate he has made of the loss of revenue to the Treasury from VAT carousel fraud in each of the last 12 months; and what estimate he has made of the potential loss in 2006-07.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

HMRC published annual estimates of the level of MTIC fraud alongside PBR 2006 in 'Measuring Indirect Tax Losses—2006', which is available from the House of Commons Library or from the HMRC website.

HMRC does not produce monthly estimates of revenue losses from carousel fraud and, as yet, no estimate has yet been produced for 2006-07, although operational indicators suggest that MTIC fraud activity has fallen sharply during the year.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.