Amazon was accused last night of profiteering from a multi-billion-pound VAT fraud that is pushing British businesses to the wall.
MPs said the online retailer was ‘turning a blind eye’ to organised criminals from China and elsewhere who sell their goods cheaply on internet auction sites – but don’t register to pay VAT.
The scam takes up to £1.5billion a year from Treasury coffers and lets the sellers undercut law-abiding British traders, forcing them to fold or lay staff off.
#Amazon accused of profiteering from £1.5billion pound VAT tax fraud https://t.co/o2Ll3cAkbu #utpol
— David Lifferth (@DavidLifferth) September 14, 2017
Amazon and eBay ‘undercut UK sellers by turning blind eye to £1.5bn tax evasion’, MPs say https://t.co/bXgsyRBYFa pic.twitter.com/j8FJnoCS38
— Will Corry (@slievemore) September 14, 2017