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Evasion of customs duties – particularly on smuggled tobacco, counterfeit pharmaceuticals, and pirated media – already amounted to £100 million in the first half of this year, while carousel frauds exploiting multi-jurisdictional tax laws have cost the tax man up to £30 billion over the last three decades.
A former tax inspector who set up fake companies to deal with payroll services on behalf of other businesses to steal almost £7million in unpaid tax has been jailed
The 11 defendants went to locations around Nottingham, Leicester, Bolton and Doncaster to store and deliver foreign cigarettes where tax of 31.2m had not been paid.
Police and trading standards found the haul in a storeroom concealed in a false electrical fuse box
It is “business as usual” according to staff at a Lincolnshire Italian restaurant after their boss was jailed for £175,000 tax fraud.
A fraudulent retailer, who only declared sales for part of her trading day, has been ordered to repay £250,000 after being jailed for tax fraud.
The former owner of an Italian restaurant near Tower Bridge has been jailed for four years for VAT evasion.
Around 20 officers from HM Revenue and Customs (HMRC) found almost seven tonnes of tobacco, worth more than £2 million in evaded duty, inside potato bags at two rented agricultural buildings, in Bedworth, Warwickshire.
HMRC explains that companies can avoid VAT penalties in future “by not becoming involved in any transactions connected with VAT fraud’’
A 43 year old man from Leicester who led a gang of 19 on a £2.4 million VAT repayment fraud has been jailed.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014