Feeds

Scottish dealer jailed for chip VAT fraud

Gets porridge...

  • alert
  • submit to reddit

A Scottish businessman has been sentenced to four years in jail for failing to pay VAT on computer chips he imported from EC countries, sold to UK customers with VAT included and then failed to pass the tax onto the Revenue.

Michael George Voudouri, 36, from Bridge of Allan, Stirling evaded £3m in VAT payments. Trading as Computer Technics (GB) Ltd, Cortek Management and Fairwood Trading Ltd he imported processors from Denmark, Ireland and Luxembourg which were sold to him without VAT in accordance with EC regulations. He then sold the chips on, adding 17.5 per cent VAT, but he never paid the tax.

He used the proceeds to maintain a lavish lifestyle with a £1m house in Bridge of Allan and a string of luxury cars.

Voudouri was sentenced to four years in the High Court Glasgow yesterday. Judge Carloway said Voudouri would have got a six-year sentence if he had not pleaded guilty.

Gordon Miller, head of customs investigations in Scotland, said: "This highlights Customs' commitment to pursuing criminals who rob honest taxpayers of funding for public services to line their own pockets.

"From day one, Customs investigators have actively pursued and restrained assets obtained from the proceeds of this crime. We are continuing to pursue confiscation through the courts, as we aim to ensure criminals do not profit from their crimes." ®

Related stories

VAT man claims five fraud scalps
Dealers win High Court VAT action against Customs
Customs swoop on £25m chips-to-gold VAT gang

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.