Whole Lotta Tax Fraud by Microsoft Windows XP

Sat, 07 Jun 2008 23:08:40 +0400

Whole Lotta Tax Fraud

by Microsoft Windows XP @ Sat, 07 Jun 2008 23:08:40 +0400
Here too

With the alarming increase in VAT fraud, it's time to think about our total losses to fraud and evasion.

HM Revenue and Customs don't publish any estimate of the total loss. They claim that's because it involves the Black Economy and they don't know what they don't know etc. More likely they figure if we found out its true extent we might get the idea that paying taxes is a mug's game.

Still, under pressure from the National Audit office, they have started to publish estimates of some losses: