It is an unfortunate fact of life that most businesses do not become aware of the risks they are exposed to until it is too late. That is certainly the case when it comes to the risk of getting entangled in VAT fraud. Many businesses are entirely unaware of just how easy it is for VAT fraudsters to compromise the activities of legitimate trading – or just how much they could lose if that happens.

https://www2.deloitte.com/uk/en/pages/financial-advisory/articles/the-vat-fraud-trap-its-costing-billions-and-its-time-to-act.html?id=uk%3A2sm%3A3tw%3A4dcom_share%3A5awa%3A6dcom%3Acorporate_finance