Feeds

A year ago: Disties hit again by VAT fraud scandal

UK authorities show limp approach to DRAM difficulties

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

If you talk to Alan Stanley, MD of the UK wing of French company Dane-Elec, he'll tell you, like many another poor soul in the memory distribution business, that times are tough and getting tougher. But while Stanley and his company compete in an ever more cutthroat business, the British authorities are not making it any easier, he feels. Members of the European Union operate different levels of value added tax (VAT), meaning that if you're a crook, you can shuffle SIMMs around the place and make extra margin points, all the time undercutting the legit distributors of the products. But while the problems been known about for quite some time, the UK authorities, Her Majesty's Custom & Excise, don't seem at all exercised about the problem in the slightest. Last year, the French VAT police, on the other hand, took a remorseless approach to the problem there, nicked a number of companies implicated in the fraud and even shut several of them down. The Register phoned the press office at Customs a couple of weeks before Christmas and asked the department what it was doing about the UK dimension to the problem. "We'll get back to you," came the reply. Another call, a week later, produced the interesting information that it wasn't a Customs problem and the press office had shunted the enquiry off to the National Investigation Service. Well, we weren't even aware that UK Customs had spun a part of itself off but in any event we didn't hear from them either. So while the investigators seem more concerned that cheap beer is flowing into the South of England (the tax on booze and ciggies is far less in France) and destroying our public houses, it seems that legit businesses stand the risk of going under while the huge VAT fraud goes unrecognised. Stanley pointed out to The Register that this type of fraud does not just apply to memories - there's all sorts of other goods on which tax is being evaded. While his customers - the dealers and resellers of this world - can hardly be blamed if they're offered even cheaper DRAM in their bid to make an extra few points, the UK authorities seem to be standing at the sidelines, wringing their hands and losing out on what they should be concentrating on - gathering revenues. ®

Intelligent flash storage arrays

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.