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03 June 2011

Comments

Seems Santander is running the same racket that Malaga police were investigating some time ago.

They take a valid foreign VAT number but charge the VAT inclusive price anyway. Then they pocket the VAT.

Presumably the police haven't got as far as Santander yet.

Hi Cliff

I would be interested in a link to that story, if there is one available.

Not quite sure how anybody would benefit from the buyer having a VAT number as this doesn't actually exempt the buyer from paying VAT - In the UK, at least, the registered person or company is required to claim any input VAT on their VAT return and this would only be allowable for legitimate business expenses.

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