The Channel logo

back to article Revenue not scared of carbon trading fraud

Her Majesty's Revenue and Customs is not seeing a stampede of fraudsters hitting carbon trading as a new way to commit carousel fraud, or missing trader intra-community fraud. Classic MTIC fraud involves buying and apparently importing goods from another EC country, so no VAT is charged. These are then sold on, with VAT added, …

COMMENTS

This topic is closed for new posts.
Anonymous Coward

There ain't nuthin like a (hound dog?)

There ain't nuthin like a recession (oops: credit crunch?) to focus one's attentions and actions.

Now that VAT inspectors are insecurely employed with HMG needing every penny it can find ...

0
0
Silver badge

carousel fraud?

Why bother with carousel fraud when it's easier to scam the whole system. Sell the same tree (if there even is a tree) to 10 people, who will know?

0
0
Big Brother

Getting away with murder.

Bugger carousel fraud, I’m more concerned about another, far more damaging scam.

A rather shady organisation is interceding at every stage in the manufacture and production of goods and services, and is extracting a percentage of its value. It then uses this money to fund the extravagant lifestyle of its bosses and its senior capo’s.

It has a massive arsenal of weapons at its disposal (some people even think there are nuclear weapons!), and thinks nothing of starting turf wars, it also uses its soldiers and button men to stifle any form of criticism.

It is believed by some people that its methodology is responsible for up to 90% of the cost of goods and services.

It doesn’t stop there either; somehow it manages to persuade most people to part with up to 50% of the money that they receive for their labour BEFORE they have even received it, which amounts to the worst kind of protection racket.

The tragedy is that most people seem to think that this gang of thugs actually protects us from foreign gangs, when the reality is that they are only interested in protecting their own interests and expansion plans.

0
0
Big Brother

@AC Getting away with murder

Spot on!

I wish there was some kind of recommend button for comments.

0
0
FAIL

Alerting folk to business (fraud) opportunities?

Now the dopey loonies have let the cat out of the bag, how long will it be before there's a Panorama prorgramme about it? "Hi, I'm Jeremy Vine and today's topic is..." Chances are that it probably is happening and the "companies" involved have already disappeared BEFORE the HMRC has got to them. There's nowt like free advertising.

0
0
This topic is closed for new posts.

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust