HMRC

HMRC has issued a warning to the UK’s army of self-employed workers, urging them to “be on the lookout” for tax scams, following thousands of reports of attempted fraud from taxpayers in the last 12 months.

With the Self Assessment deadline of 31st January 2024 approaching, the alert is a timely reminder to take caution against suspected scams.

Ex-Formula One boss Bernie Ecclestone has plead guilty and agreed to pay a civil settlement of £652,634,836 after admitting to fraud.

The 92-year-old said “I plead guilty” at Southwark Crown Court on Thursday when accused of failing to declare more than £400m held in a trust in Singapore to the government.

Ex-Formula One boss Bernie Ecclestone has admitted fraud after failing to declare more than £400 million held in a trust in Singapore to the Government.

https://www.centralfifetimes.com/news/national/23850440.ex-f1-boss-bernie-ecclestone-admits-fraud-failing-declare-400-million/?ref=twtrec

A Melton Mowbray man who defrauded people out of £750,000 has been sentenced to 10 years in jail.

Tax agent Robin Moss, an internationally-ranked chess player, was sentenced in his absence, on Monday (October 9).

A British man wanted to face trial for a £2.3 million VAT fraud in Poland which he was said to have committed as part of an organised crime group has lost an appeal against an Edinburgh sheriff’s grant of an extradition order made against him.

https://www.scottishlegal.com/articles/uk-national-wanted-for-ps23-million-polish-vat-fraud-loses-appeal-against-extradition

Couples have been left without a venue and out of pocket for their big day, some of which are just weeks away.

It comes after The Forrest Group confirmed the Cranside Kitchen in Glasgow’s North Rotunda had shut after it took over the building.

A tax stealing tiler has been handed a suspended two-year jail sentence for a £492,000 VAT fraud after ignoring a chance to come clean.

James Burton, who runs a tiling business in Northampton, was given the chance to make “full, open and honest” disclosures about his tax affairs to avoid criminal investigation.

https://www.constructionenquirer.com/2023/08/11/tiler-suspended-for-492000-tax-fraud/

A businessman who defrauded HM Revenue & Customs out of more than £270,000 of VAT repayments and then forged documents to cover his tracks has been spared jail.

https://www.expressandstar.com/news/local-hubs/shropshire/bridgnorth/2023/07/27/bridgnorth-man-avoids-jail-after-270000-vat-fraud/

Two fraudsters who led a Polish beer smuggling scam have been jailed for a total of seven years.

Radoslaw Dobron, 36, and Ilona Leszczynska, 37, smuggled 122 lorry loads of beer that they had not paid UK tax on through a north London-based alcohol wholesaler.

A new report from HMRC has revealed £110 million of fraud and error in R&D tax relief claimed by SMEs in the construction sector in 2020-21.

The new figures have been released ahead of the introduction of tighter rules which come into force from August this year.