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VAT Fraud

Volume 451: debated on Wednesday 1 November 2006

To ask the Chancellor of the Exchequer if he will estimate the upper and lower levels of missing trader VAT fraud in each year since 1997; and if he will make a statement. (98463)

Annual estimates of attempted MTIC fraud from 2000-01 to 2004-05 were published alongside PBR 2005 in “Measuring Indirect Tax Losses – 2005”, which is available from the House of Commons Library or from the following website: www.hmrc.gov.uk/pbr2005/mitl2005.pdf.

The first estimates of attempted MTIC fraud were made for 1999-2000, and can be found in “Measuring and Tackling Indirect Tax Losses—2004”, which is also available from the House of Commons Library. The estimate for 2005-06 will be published at PBR 2006.