Her Majesty's 'Web Robot' Catches Tax Dodgers

People in the UK are using the Internet to augment their incomes; as many as 70,000 people earn a quarter of their income by trading on eBay alone. But do they report these earnings for taxation?

Enter the 250,000 'web robot' developed by Her Majesty's Revenue and Customs (HMRC) to search out the high-volume traders on sites like eBay. HMRC collected more than 1bn in Value Added Tax (VAT) revenues on e-commerce sales in the 2005-6 tax year. Sales over the internet tripled to 18.1bn between 2002 to 2004 and are expected to hit nearly 60bn a year by April 2010.

It is expected that the 'web robot' - or search agent - will net the government an additional 1m in income this year alone. Sir John Bourn, head of the NAO, said:

"I find it encouraging that HM Revenue and Customs is well positioned to manage the current risks to VAT from electronic commerce. With internet sales set to mushroom in the next few years, the Department faces a challenge to ensure it stays ahead of the game.

"Some businesses are inventive at side-stepping VAT, and the Department must be equally innovative in guaranteeing the Exchequer gets the revenue it is due."

The idea of software intelligent agent that searches through the Internet has long simmered in the imagination of science fiction writers. In his 1965 novel The Age of the Pussyfoot, writer Frederik Pohl wrote about an interests profile which, when completed, would search throughout the myriad of choices available for whatever you wanted.

Read more about it here and here (Google cache only).

Scroll down for more stories in the same category. (Story submitted 5/30/2006)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 0 )

Related News Stories - (" Culture ")

China Social Credit System Like State-Run Whuffie
'At least there was no mandatory Whuffie check on the monorail platform...' - Cory Doctorow, 2003.

Sex In Driverless Cars? Updated With Video!
'...admirable for petting.' - David H. Keller, 1935.

Xinhua AI Anchor Puts CGI Face To Automated News
'...a congeries of software agents.' - William Gibson, 1996.

Wirewax Watching You Watch, Adjusting Your Experience
'He adjusted the n, the r and b knobs, and hopefully anticipated a turn for the better...' - Philip K. Dick, 1964.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

 

Current News

Unfurl The Future! Huawei Mate X versus Galaxy Fold
'A paper thin polycarbon screen unfurled silently from the top of the unit and immediately grew rigid.'

Amazon Echo And Google Home Should Have Morality Software
'The Dwoskin Morality Rating-Computer could 'spot the slightest tendency to deviation' from the social norm...'

China Building Robot Wives
'Want a life-companion, a pleasant one?'

China Social Credit System Like State-Run Whuffie
'At least there was no mandatory Whuffie check on the monorail platform...'

Project Soli Radar Gesture Chip Now FCC Approved
'He waved his hand and the circuit switched abruptly.'

Stan, Robot Valet, Will Drag Your Car Away
'He activated the grapple tracks. '

Jibo Home Robot Says Goodbye, Is Killswitched
'It resembles an oyster....'

Johns Hopkins Says Asteroid Deflection Will Be Difficult
'This obelisk is one huge deflector mechanism...'

Fabric Automatically Cools Or Insulates Based On Environment
'...a high-efficiency filter and heat-exchange system.'

Deepfakes From OpenAI GPT-2 Algorithm
'How can you compete with an IBM heavy-duty logomatic analogue?'

John Deere Self-Driving Tractor
'The huge plow... seemed to shake itself - and began to move back southward.'

North Focals Smart Glasses Provide Augmented Reality In Style
'The world ... is drenched in unfamiliar information all the way to the horizon.'

Tesla Driver Caught Napping Behind The Wheel
'Mary Risling settled back for a little nap...'

Hayabusa 2 To Begin Asteroid Mining
'We must dig down, and then doubtless we shall find the metal.'

Ionocraft Drone Powered By Electrohydrodynamic Thrust
'He saw one hiss by him as he rounded the corner, trailing a short whip antenna...'

Purdue Pharma Ready To Profit From OxyContin Use Or Addiction Recovery
'It may be organic damage. It may be permanent. Time'll tell, and only after you are off Substance D for a long while.'

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.