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Fears Over Fraud As Vat Receipts Slump

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Real reason? - Fraud, or recession or worse?

Talking of carousel fraud - how is the debt carousel run by the banks and the government going? Is the GDP figure no longer a representative figure for the growth of the real economy, or is the real economy going underground or simply being ground down? Peugeot, TVR rumours of something going on at Vauxhall. So much is not making any sense and hasn't ever since the low rate limbo policy started. How many pensions have been destroyed by this policy - Rolls Royce looks like the next to pull up the shutters.


Fears over fraud as VAT receipts slump

· First annual fall since tax was introduced in 1973

· Government blames large increase in 'carousel fraud'

Edited by OnlyMe

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More of a case of if no one is spending out there then there is a consequential and inevitable huge reduction in sales receipts and of course VAT. This amounts to a very significant sum.

We all know that the high street has bee crippled for a very long time now. Hardly surprising given the unsustainable levels of personal debt, increasing unemployment, increasing mandatory household expenditure, out of control taxes, stealth taxes and council tax. Everyone out there now knows that personal inflation experienced in the wallet/purse is nowhere near the mythical CPI 2% Nu Labour Spin figure, more like 6-8%. Companies like Shell & BP use a figure of 12% inflation on services for planning projects.

Fraud? More Nu Labour spin more like, don't mention the recession we're really in, blame it on an increase in fraud and just in case organise some shit to happen which will divert the publics attention.

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This is not fraud it creative accounting but it’s not as creative as the so called 2% inflation figure put out by government.

People can restrict the amount of tax they give to big brother or settle down to a very poor retirements as the money people earn can only go so far and why pay for something your not getting.

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  • 302 Brexit, House prices and Summer 2020

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      • down 5% +
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