Car Dealers' Pounds 750m Vat Cheer

Evening Standard - London › May 24, 2004

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Summary

CUSTOMS Excise is close to handing back a massive Pounds 750 million to Britain's car dealers in wrongly-levied VAT, plus interest, over the past three decades.

The Vatman has set a deadline of 31 May to sort out compensation payments for one of the biggest foul-ups in the collection of the tax since it was introduced in 1973.

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Car Dealers' Pounds 750m Vat Cheer

For years, Customs had...

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