Hammond is tinkering with our tax and pensions to try to get a bit more tax take but ignores the tax and vat fraud sheltered within Amazon and E-Bay.
We are all complicit within this fraud,I am sure all of us who bought a cheap part off E-Bay are amazed how that low value item came delivered free and mostly without an invoice. But we don't care it's cheap.
But the knock on effect of the growth of illegal trade within these monster on-line sellers is badly hurting honest UK traders. Originally this fraud only affected small traders but it's now hitting our big high street stores,there is almost nothing you can't buy off Amazon.
I have read that if HMRC collected the correct vat and tax from Amazon and E-Bay then the tax take would annually be £29 billion,that would sort out the NHS and Social Care. But HMRC and Hammond seem frightened to tackle these big businesses.
If a trader tries to tackle E-Bay direct about the vat fraud then E-Bay get very nasty to the trader,you soon back off. Amazon have a punishment for their traders if HMRC report vat fraudulent traders....the punishment is as follows...
1.Allow them to trade for 30 days
2. Allow them to keep their stock
3.Allow them to keep their cash
4. Let them transfer to a new business keeping their rankings
5. Insist they register for UK vat,that actually helps the trader,now he can reclaim the vat,there doesn't seem any compulsion to charge it or hand it to the revenue.
Some punishment!
Amazon data systems are now the home servers for all HMRC data,they are paid £700 million by HMRC.
The free postage is easy,buy a sheet of 'postage paid' labels from Royal Mail,put the sheet on a photostat,cut them up and stick on all small items. Royal Mail is stupid not to do anything about the fraud.
We currently live in a country where our government are either stupid or impotent,Brexit was probably a distraction away from a government that are just not up to the job,unfortunately they are also not up to Brexit.
KudosDave
We are all complicit within this fraud,I am sure all of us who bought a cheap part off E-Bay are amazed how that low value item came delivered free and mostly without an invoice. But we don't care it's cheap.
But the knock on effect of the growth of illegal trade within these monster on-line sellers is badly hurting honest UK traders. Originally this fraud only affected small traders but it's now hitting our big high street stores,there is almost nothing you can't buy off Amazon.
I have read that if HMRC collected the correct vat and tax from Amazon and E-Bay then the tax take would annually be £29 billion,that would sort out the NHS and Social Care. But HMRC and Hammond seem frightened to tackle these big businesses.
If a trader tries to tackle E-Bay direct about the vat fraud then E-Bay get very nasty to the trader,you soon back off. Amazon have a punishment for their traders if HMRC report vat fraudulent traders....the punishment is as follows...
1.Allow them to trade for 30 days
2. Allow them to keep their stock
3.Allow them to keep their cash
4. Let them transfer to a new business keeping their rankings
5. Insist they register for UK vat,that actually helps the trader,now he can reclaim the vat,there doesn't seem any compulsion to charge it or hand it to the revenue.
Some punishment!
Amazon data systems are now the home servers for all HMRC data,they are paid £700 million by HMRC.
The free postage is easy,buy a sheet of 'postage paid' labels from Royal Mail,put the sheet on a photostat,cut them up and stick on all small items. Royal Mail is stupid not to do anything about the fraud.
We currently live in a country where our government are either stupid or impotent,Brexit was probably a distraction away from a government that are just not up to the job,unfortunately they are also not up to Brexit.
KudosDave
