| Comment | Depends what you mean by "fake". Fake what? The movement of stock? Not that difficult. And sure, the suppliers to American Candy and pals is almost certainly someone who knows what they're up to. People are saying American Candy is likely VAT fraud and it will probably have that too, but there's a reason why (at least the last I looked) they often don't take card at all.
I'm an auditor. Not for HMRC, but I can tell you that HMRC are stretched in terms of their capacity for auditing the tax position of companies and are focused on heavy hitters, the ones where they think big errors and dodgy accounting is likely. The types of companies that get used for this stuff aren't usually particularly big and the tax inputs and outputs are relatively low. Audits are bloody expensive to do. Money laundering is far better caught by the police than HMRC and the police don't catch them out via audits. |
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