EUROPEAN VAT LISTING SCAM
Members are advised to beware of a European scam that could cost businesses more than £3,000 over the next four years.
The scam centres on an official-looking letter from a German company requesting that you enter your VAT Registration Number on an attached form.
The GTA’s Honorary Solicitor has provided the following advice:
"If you receive an official looking request from a German company asking for your VAT registration details, don’t give it to them! Not unless you want to end up paying them more than £3,000. The small print states that, if you return the form, they can charge you €797 per year to publish the details on their website. You have absolutely no obligation to do this, so file it in the bin"