It is not just lost VAT ...
but since they can charge 20% less than a native vendor (ie UK based who does pay VAT) they can undercut them and so UK jobs, etc, are lost. Thus the true loss to the UK is much more than the £1.5 billion VAT.
but since they can charge 20% less than a native vendor (ie UK based who does pay VAT) they can undercut them and so UK jobs, etc, are lost. Thus the true loss to the UK is much more than the £1.5 billion VAT.