Britain loses $1.28 billion through VAT fraud and error by Amazon and eBay sellers

Britain loses $1.28 billion through VAT fraud and error by Amazon and eBay sellers

LONDON (Reuters) – A report by the British government auditor said the UK is losing up to 1 billion pounds ($1.28 billion) a year in value added tax (VAT) because of fraud or error by sellers using online marketplaces eBay and Amazon.

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