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Online sales clampdown nets VAT registrations

A crackdown on illegal sales of tax-free goods over the internet has fuelled a tenfold rise in the number of online retailers registering for value added tax. 

HM Revenue & Customs said 7,185 internet retailers had come forward to register for VAT this year, up from 695 in 2015 as it targeted fraud costing £1bn a year.

For the full Financial Times article, go here. (subscription required)

By Houlder, Vanessa, posted on Tuesday December 20, 2016
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