Traders sue over action to halt VAT racket

The UK government is being taken to court over a drastic crackdown aimed at stemming the theft of billions of pounds of value added tax. Traders in mobile phones and computer chips have accused ministers of destroying legitimate businesses by deciding to delay VAT repayments to exporters.

Federation of Technological Industries http://fti.org.uk/

United Kingdom: HM Revenue and Customs: Press Release, NAT 48/06 - 22 detained in Major Fraud Operation http://www.hmrc.gov.uk/news/nat-48-06.htm

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