Web Robot to seek out UK VAT fraud
Published June 3rd, 2006
eBayyer.com
HM Revenue and Customs (HMRC) has developed Web Robot, an advanced search engine designed to track down online VAT evasion.
Web Robot cost £250,000 and became fully operational in March. HMRC estimates the system will allow it to collect an extra £1m a year in tax.
The software, developed in conjunction with the Dutch tax authority, helps to identify internet businesses obliged to register for VAT. A number of overseas tax authorities have expressed an interest in using the system.
Related Articles UK fails to get to grips with internet fraudUK behind other countries over online fraudUK failing to fight Internet fraudstersRobot targets eBay tax dodgersWhich magazine calls on eBay to combat fraud