A 32-one year-feeble man from Croydon has been jailed for 7 years after being chanced on guilty of tax fraud and money laundering offences after making fraudulent VAT compensation claims. He was also disqualified from being a firm director for 10 years.
The fraudulent claims had been made thru his e-book-keeping firm Ramoo Friends UK Ltd, for VAT funds to suppliers that had been by no methodology made. HMRC has estimated that the exchequer misplaced £1.6 million from the fraud.
TAX FRAUD MONEY SPENT ON MORTGAGE, HOLIDAYS AND LUXURY CARS
About a of the money was feeble to pay off a £131,000 mortgage held by his companion’s mother and father. Extra than £650,000 of the stolen money was also spent on long-haul holidays and luxurious autos.
“… feeble taxpayers’ cash as a piggy bank to indulge his lavish standard of living, relish of mercurial autos and pricey holidays, however he got here unstuck after investigators uncovered his lies. Our actions attain now now not quit at conviction. We are able to now stare to enhance the stolen money. We support any individual with information about tax fraud or money laundering to file it on-line or call the Fraud Hotline on 0800 788 887.”
HMRC’s Assistant Director, Fraud Investigation Service
HMRC officers uncovered the fraud when the claims had been checked. Prognosis of particular particular person and trade bank accounts confirmed spending on jewelry, deepest sanatorium medication, browsing trips to Harrods, fireworks, nightclubs, and event tickets.
Most of these felony investigations might maybe perchance perchance merely amassed ship a stable message to those whose behavior is such that fully a felony sanction is appropriate.