The UK National Audit Office has published a report on its findings from an investigation into the failure of online sellers based outside EU to charge value added tax (VAT) on their goods located in the UK when sold to UK customers. Under the VAT rules, sellers should pay import VAT and customs duties when the goods are imported, based on their value, and charge their customers VAT on the final sale price. The sellers should also be registered with HMRC, and are required to submit regular VAT returns. The sellers must account to HMRC for the VAT charged to...