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gasket37

Higher Taxes?

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"The government may be forced to raise taxes as a result of huge increases in carousel fraud, press reports claim.

According to 'The Guardian' the Office of National Statistics estimates that £10 billion was lost to the criminal activity during the second quarter of this year, up from £6.5 billion during the first three months and four times the estimate between April and June last year.

The newspaper said the problem is to expected to reach more than £30 billion this year, 15 times more than in 2004. The actual VAT losses could run to £20 billion, the equivalent of 6p on the basic rate of income tax.

Despite the figures, Treasury officials denied carousel fraud was out of control. :blink:

"We are aware that operational indicators suggest levels of [fraud] activity are increasing and we have responded robustly. However, the adjustments ... represent attempted fraud, not stolen VAT, and it is not possible to make assumptions about losses incurred by the Exchequer," a spokesman told 'The Guardian'.

"HMRC's significantly strengthened operational strategy to tackle this fraud though a combination of legislation, litigation and operational initiatives is delivering results.""

<Realistbear mode>

With rising unemployment, debt, fuel bills, council taxes and the spectre of higher inflation, what price Gordon's Miracle Economy if he is forced to raise taxes...

</Realistbear mode>

Hey that was fun - do i get the gig? :P

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Guest mattsta1964

"The government may be forced to raise taxes as a result of huge increases in carousel fraud, press reports claim.

According to 'The Guardian' the Office of National Statistics estimates that £10 billion was lost to the criminal activity during the second quarter of this year, up from £6.5 billion during the first three months and four times the estimate between April and June last year.

The newspaper said the problem is to expected to reach more than £30 billion this year, 15 times more than in 2004. The actual VAT losses could run to £20 billion, the equivalent of 6p on the basic rate of income tax.

Despite the figures, Treasury officials denied carousel fraud was out of control. :blink:

"We are aware that operational indicators suggest levels of [fraud] activity are increasing and we have responded robustly. However, the adjustments ... represent attempted fraud, not stolen VAT, and it is not possible to make assumptions about losses incurred by the Exchequer," a spokesman told 'The Guardian'.

"HMRC's significantly strengthened operational strategy to tackle this fraud though a combination of legislation, litigation and operational initiatives is delivering results.""

<Realistbear mode>

With rising unemployment, debt, fuel bills, council taxes and the spectre of higher inflation, what price Gordon's Miracle Economy if he is forced to raise taxes...

</Realistbear mode>

Hey that was fun - do i get the gig? :P

VAT fraud is nothing compared to the price future taxpayers will have to cough up for PFI. It will ruin this country. The middle class will disappear. The UK will be a nation of slum dwellers

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Brown and all the other politicians lay awake at night thinking of new ingenious ways to raise more taxes in one form or another and to make it so complicated that even accountants can not work out just how much tax they are paying.

It’s increase taxes for these people one day and you the next day but you can be assured services we get in return for our hard won money is going down whilst the thugs on all sides of government are getting richer.

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VAT fraud is nothing compared to the price future taxpayers will have to cough up for PFI. It will ruin this country. The middle class will disappear. The UK will be a nation of slum dwellers

Your very chirpy this morning. Didnt I see you on my road with a sign saying "The end of the World is nigh" :D

Come on cheer up tommorow is PFI Friday. Its a new show hosted by Tony Blair and Arnold Scwarznigger, havent you heard?

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This is a ******** disinformation ploy to cover the fact that VAT receipts have declined for the first time er... ever. They still went up year on year during the last recession 91 onwards.

So they blame crime but then say its not that bad..so we are left with no clear reason as to whats going on.

The truth of course is that this country is fooked. The reduced VAT income is indicative of what many have felt has been going on since the end of last year, we are inexorably heading towards a recession that will make the last one look like a hiccup. We have no infrastructure to weather a downturn, and only MEW and easy credit has maintained the facade this long.

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Guest mattsta1964

Your very chirpy this morning. Didnt I see you on my road with a sign saying "The end of the World is nigh" :D

Come on cheer up tommorow is PFI Friday. Its a new show hosted by Tony Blair and Arnold Scwarznigger, havent you heard?

:D:D

Yes! You've probably noticed I'm not the most optimistic person on this forum!!!!!!!

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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