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| EU gives Britain two months to pay €2.7bn over China customs fraud | EU gives Britain two months to pay €2.7bn over China customs fraud |
| (35 minutes later) | |
| The European Union said on Monday that Britain has two months to recover €2.7 billion ($3.2 billion) in lost customs duties or risk referral to the EU’s top court after London allegedly ignored a scam by Chinese importers. | The European Union said on Monday that Britain has two months to recover €2.7 billion ($3.2 billion) in lost customs duties or risk referral to the EU’s top court after London allegedly ignored a scam by Chinese importers. |
| “The United Kingdom now has two months to act; otherwise the Commission may refer the case to the Court of Justice of the EU,” said a statement by the EU’s executive arm. | |
| Financial sanctions could follow if the court upholds the Commission’s view. The move is the second step in the EU’s legal procedure against the bloc’s states who do not respect its rules. | |
| The European Commission opened the infringement procedure in March 2018, following a report by the EU’s anti-fraud body OLAF, which found that importers in the UK had “evaded a large amount of customs duties by using fictitious and false invoices and incorrect customs value declarations at importation.” | |
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