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UK launches VAT robot on eBay

Posted on Monday, May 29 2006 @ 12:22:08 CEST by


The UK government has spend £250,000 on a web robot to hunt on high-volume eBay traders who don't pay taxes:
According to thisismoney.co.uk, the "robot" in question is an advanced search engine which pinpoints said rogue traders. HM Revenue & Customs (HMRC) estimates it will net £1m a year in extra VAT and "force an extra 20 businesses to register for the tax".

The figures add up thus: the National Audit Office (NAO) says VAT on ecommerce sales - which continue to rise inexorably - totalled in excess of £1bn during the 2005 to 2006 tax year. An estimated 70,000 people make a quarter of their income by trading on eBay.
More details over at The Register.



 



 

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