British MPs to investigate VAT fraud in the run-up to Christmas

Sellers on Amazon and eBay have reportedly evaded millions of pounds in value added tax (VAT) in the run-up to Christmas, leading British Members of Parliament to launch an investigation. Wide-scale VAT fraud on big e-commerce platforms was first reported by an article in the Guardian in November 2015. According to the UK Government, VAT evasion in online shopping has become a ‘very big issue’, costing about 1.5 billion pounds a year in lost tax.