Last month, the U.K. Treasury announced it would seek to exempt domestic power trading from VAT to prevent fraud. Such exemptions typically last only a year, giving tax authorities time to stop the theft. Photographer: Matthew Lloyd/Bloomberg
U.K. authorities are investigating
possible tax fraud in the country’s 40 billion-pound ($67
billion) power trading markets, according to accounting firms
TMF Group and Deloitte LLP.
April 22nd, 2014 at 6:42 am
From Bloomberg, Apr 21, 2014, 7:01:00 PM
U.K. authorities are investigating
possible tax fraud in the country’s 40 billion-pound ($67
billion) power trading markets, according to accounting firms
TMF Group and Deloitte LLP.
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