HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
The UK economy is missing out on billions a year as a result of the global trade in fake goods, which was behind more than 86,000 lost jobs in 2016, according to the OECD.
In terms of UK imports, the OECD report estimates that fake goods imported to the UK were worth £13.6bn in 2016, equivalent to 3% of genuine imports, up from £9.3bn in 2013. The most common imported fakes include mobile phones and accessories, clothes, footwear, handbags, and games.
Read more at the Accountancy Daily.