Tobacco firms 'over-supplying'
UK firms are supplying more tobacco to European countries than their markets need and is then finding its way back into the UK market without tax being paid, costing the country £1.9 billion a year, the Committee of Public Accounts said.
HM Revenue and Customs (HMRC), Britain's tax office, is failing to tackle firms who "turn a blind eye to the avoidance of UK tax" through over-supply, which in some countries in 2011 exceeded demand by 240%, the Committee added.
Under supply chain legislation, tobacco firms have a legal obligation not to aid smuggling but HMRC has not fined any UK tobacco manufacturer for over-supplying products and has issued only one letter of warning.
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