Her Majesty?s Custom & Excise department is taking a slow approach to VAT fraud in the UK memory market, it emerged today.
That followed a complaint from the managing director of Dane-Elec UK, Alan Stanley, who claimed that he had spoken to the local Customs & Excise VAT officer about the rising problem with no result.
He claimed that his parent company, Dane-Elec France, had complained about VAT fraud to the authorities in France and Belgium, resulting in prosecutions of over 30 companies in France and an unspecified number in the Low Countries.
Said Stanley: ?Trading companies have damaged the UK memory market beyond belief. Not only has the market fallen to its knees with overproduction fuelling falling price, but there is a criminal element at play.?
A call to Customs House in London elicited the information that the government organisation was "unaware" of any fraud. The representative said: ?We have passed this call on to the National Investigative Service of Customs?.
But Stanley, at Dane-Elec, thinks the authorities abroad have it right. He said: ?The French authorities closed down several companies who were jointly accountable for memory sales of over one billion French francs.?
Customs and Excise was unable to comment at close of play.
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