Online VAT fraud cost the taxpayer between £1 billion and £1.5 billion last year but not a single prosecution has taken place, according to an investigation by the National Audit Office.
Susan Kramer, Liberal Democrat Shadow Chancellor said: “It is a disgrace that not a single VAT fraudster has been brought to justice. Taxpayers are being ripped off to the tune of £1.5 billion and small businesses are being undercut, but still this Government won’t act. This chronic failure to go after online fraudsters will be made even worse by a hard Brexit. Our Chancellor should be stepping up European cooperation to tackle tax evasion, instead he is threatening to turn the UK into an offshore tax haven.”