VAT fraud soars as recession tightens

Adrian Holliday

The fraud gap - now at its highest peak since 2007 - has become so large it's worth a whole 1p in tax to each taxpayer, claim experts. Much of this tax shortfall, about £3bn, is is down to VAT evasion, false accounting and tax relief claims says accountancy experts BDO.

Yet the vast majority of fraud, public and private sector, is likely not reported at all.%VIRTUAL-SkimlinksPromo%