Articles about vat fraud

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Oracle reseller boss banned from directorship over VAT fiddle

The boss of an Oracle reseller has been banned from holding a director position in the UK for six years – after his company fiddled its VAT returns, resulting in a loss of £146,884 to the taxman. Mario Edward Sanvitale, director of 1st Milestone, was disqualified this week after a probe by the Insolvency Service found "he …
Kat Hall, 11 Apr 2017

ENTA founder Tsai gets banhammer as company director for 13 years

Thirteen is certainly unlucky for Jason Tsai, one-time owner of distie Changtel Solutions UK – formerly ENTA Technologies (ETL) – as that's the number of years he's been barred from being a company director. The “disqualification” was due to Tsai’s participation in a VAT carousel – also commonly known as missing trader intra- …
Paul Kunert, 27 Jan 2017
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Lycamobile offices 'raided over fraud allegations' – report

The offices of telecoms giant Lycamobile have been raided in France amid allegations of fraud and money laundering. Nineteen people were arrested in Paris last week and nine of them were charged on Friday, including Lycamobile’s general manager in France, Alain Jochimek, reported Buzzfeed. The Register has contacted UK- …
Kat Hall, 20 Jun 2016

HMRC 'reluctant' to crack down on VAT fraudsters – tax ace

HMRC could be reluctant to crack down on VAT fraudsters selling goods online without declaring VAT because of the costs involved, a European tax expert has claimed. Rita de la Feria, a professor in tax law at Durham University, claimed that Amazon and eBay may be liable for VAT if they do not take due diligence and ask …
Kat Hall, 2 Nov 2015
HMRC photo, Gov.uk

Online VAT fraud: Calls for government crackdown grow louder

Calls to crack down on companies selling goods online in the UK without declaring VAT have gathered pace, with a peer and another high profile individual now voicing their concerns that the practice is damaging UK business. The Register has previously reported on the seemingly growing number of sellers based outside Europe who …
Kat Hall, 8 Oct 2015
Old Bailey Lady Justice

Dodgy mobe dealer jumps on VAT carousel, gets 13-year ban

The director of now-dissolved mobile phone dealer Fima Consulting has been disqualified from managing a limited company for 13 years over his part in a £1m VAT scam, according to a UK government press release. Fiaz Razzak Malik was disqualified following an investigation by the Official Receiver at the Public Interest Unit, a …
Kat Hall, 13 Jul 2015
The Register breaking news

Woman with 15 IDs gets 7 years for multiple VAT fraud

A Bristol woman has been jailed for using a complex web of 15 different identities and companies to defraud the Revenue out of £118,000. 48-year-old Alison Reynolds was jailed for seven years yesterday for VAT fraud and police offences. Reynolds was found guilty of four charges of cheating the Public Revenue, one charge of …
John Oates, 6 May 2011
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VAT fraudster gets 9 years for refusing £40m bill

Emmanuel Hening, already serving the longest sentence ever secured against a VAT-fraudster, has seen another nine years added onto his sentence. A court last week added to his 15-year sentence because he has failed to repay £40m demanded by Her Majesty's Revenue and Customs. Vat fraudster Henning Hening, who has dual …
John Oates, 22 Nov 2010
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VAT Directive to change to end carousel fraud

The European Commission wants to amend the VAT Directive to help eradicate a kind of international VAT fraud that is estimated to have cost the UK exchequer up to £2 billion a year. Carousel fraud is a form of what is known as Missing Trader Intra-Community (MTIC) fraud, though the terms are sometimes used interchangeably. …
OUT-LAW.COM, 30 Sep 2009
The Register breaking news

Revenue U-turns on carousel carbon trading

Her Majesty's Revenue and Customs said that from midnight last night all trades in carbon credits will be VAT-free, because of fears that carousel fraudsters, who usually fraudulently exploit computer chips and mobile phones, will target the trade. Carousel fraud or Missing Trader Intra-Community fraud occurs when goods are …
John Oates, 31 Jul 2009
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VAT fraudster must repay £26m

A convicted VAT fraudster has been ordered to pay Her Majesty's Revenue and Customs £26m or serve an extra ten years in prison. Craig Johnson is already serving 12-and-a-half years for his part in a missing trader or carousel fraud which defrauded the Revenue of £138m. The confiscation order means Johnson must cough up £8m …
John Oates, 24 Nov 2008
globalisation

Record sentence for VAT fraudster

The man behind a £54m VAT fraud gang has been sentenced to 15 years in prison - the longest ever UK sentence for such a crime. Emmanuel Hening, who has dual French and Belgian nationality, was found guilty on three counts of missing trader fraud at Worcester Crown Court. He was extradited from France in December 2005. The …
John Oates, 9 Jan 2007
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Customs jumps on carousel fraudsters' favourite bank

Her Majesty's Revenue and Customs (HMRC) is claiming a major victory over carousel fraudsters after discovering they were all using the same bank. Every fraudster who had his collar felt in the last two years for carousel fraud had an account with the First Curacao International Bank (FCIB). The Caribbean bank was shut down …
John Oates, 22 Sep 2006
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Computing VAT regime will be turned on its head, says EU Commissioner

VAT on mobile phones, computer chips and other digital goods will not be charged between businesses under new rules about to be approved in Europe. Tax commissioner Laszlo Kovacs has said the plan will be approved in the next two weeks. The plan is designed to combat a crime dubbed 'carousel fraud'. Criminals have been moving …
OUT-LAW.COM, 14 Jul 2006

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