The NAO has announced that it is carrying out an investigation into the risk of VAT evasion by overseas online retailers. The investigation focuses on HMRC’s role in administering the UK VAT system, including managing and reducing risks to the collection of tax revenue. The investigation will examine how this particular type of tax evasion can occur, estimates of the size of the problem, how and when HMRC has responded to this particular type of tax evasion, and HMRC’s plans to keep this type of evasion in check in the future. The NAO have advised that anybody who wishes to contribute can email their representations to email@example.com.
A copy of the NAO announcement can be found here.