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Tool theft from vans

Discussion in 'Trade Talk' started by JohnD, 19 Oct 2019.

  1. JohnD

    JohnD

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    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%
     
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  3. Ryler

    Ryler

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    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.
     
    Last edited: 28 Dec 2019
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  4. jeff the gasman

    jeff the gasman

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

    Ryler

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    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.
     
  6. foxhole

    foxhole

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

    EddieM

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    Why 15%? VAT's 20% ?
     
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