Tool theft from vans

[JohnD]

Amount of VAT paid on input: Nil (because they were all stolen)

Amount of VAT due on output: 15%

Difference between input and output: 15%

 

[Ryler]

I was just reading up on this case again.
The value of goods is estimated at £2.4 million. Confiscation proceedings are beginning in May 2020.
The value of the VAT fraud is just over £600,000.
The co-accused pleaded guilty to fraudulent evasion of VAT and transfer of criminal property on dates from July 1, 2001 to April 9, 2015.

JD. You are clever I must admit.
Everyone in the community is just glad this bloke is behind bars. It took a long time though. Far too long.
The amount of people who lost property is who I feel most sorry for.

 

[jeff the gasman]

Have about £10k of tools in the back of my van.
Thankfully I don't work in schitt hole lawless towns or cities anymore.
If I do, it will be as a labourer. And will be transported there by someone else.

It doesn’t matter where you live or work. It goes around.

 

[Ryler]

It doesn’t matter where you live or work. It goes around.

It does matter as regards where I work and it does not go around.
Where I work I know my van and tools are pretty safe. 99 percent safe.
In the city or towns? About 60 percent safe.

 

[foxhole]

It’s a good idea to mark all tools, police often recover many a tool only to find the cannot identify the owners.

 

[EddieM]

Amount of VAT paid on input: Nil (because they were all stolen)

Amount of VAT due on output: 15%

Difference between input and output: 15%

Why 15%? VAT's 20% ?