HMRC published annual estimates of the level of MTIC fraud alongside PBR 2006 in ‘Measuring Indirect Tax Losses—2006’, which is available from the House of Commons Library or from the HMRC website.
HMRC does not produce monthly estimates of revenue losses from carousel fraud and, as yet, no estimate has yet been produced for 2006-07, although operational indicators suggest that MTIC fraud activity has fallen sharply during the year.