Evasion of customs duties – particularly on smuggled tobacco, counterfeit pharmaceuticals, and pirated media – already amounted to £100 million in the first half of this year, while carousel frauds exploiting multi-jurisdictional tax laws have cost the tax man up to £30 billion over the last three decades.

http://citywire.co.uk/wealth-manager/news/fraud-record-as-courts-consider-900m-losses-in-first-half/a1147460