Revenue monitoring sale of greenhouse gas permits

THE Revenue Commissioners are monitoring the sale of greenhouse gas permits as it has become part of the latest tax evasion scam in a number of EU countries.

Britain, France and the Netherlands suspect they have lost millions of euro in VAT on the sale of carbon permits in a carousel fraud.

A spokesperson for the Revenue Commissioners said: “We were aware that this was an issue and as a result we have begun to monitor the risk, but there is no indication of any fraud as yet.”