Monthly Archives: May 2013

Suspected Somali pirates’ accountant arrested in Germany

“Every child knows that a pirate needs a cutlass and an eyepatch, but it turns out there’s one more accessory no self-respecting buccaneer would take to the high seas without – an accountant.” I feel a song coming on….. its … Continue reading

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Crooked magistrate jailed for VAT fraud which led to £1m of taxpayers’ cash paid to his property firm

“Speaking after today’s hearing, Simon De Kayne, assistant director criminal investigation at HMRC, said: ‘This pair made incredibly crude attempts to falsify invoices and financial guarantees in a circle of fraudulent transactions. ‘It was a complete cut-and-paste regime that unravelled … Continue reading

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Dundee businessman jailed for 18 months over £166,000 VAT scam

“Dundee Sheriff Court heard Brinner Sabando told HMRC that his firm, Dundee-based Fresca Ltd, had made a loss after spending almost £1.4m on stock and equipment. But tax officials found he had only paid out £250,000. Sheriff Elizabeth Munro jailed … Continue reading

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German galleries block VAT increase

“A new law proposed by the European Commission would have lifted temporary cuts to the VAT on the sale of original works of art, causing it to rise from 7% to 19%, a move that is widely opposed by the … Continue reading

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NI tax cheats named and shamed

“Publishing these names encourages defaulters to make a full and prompt disclosure and cooperate with HMRC to avoid being named – all the named defaulters have exhausted the appeals process.” I’m uncomfortable with this. They’ve paid their penalties but now … Continue reading

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HMRC Welcomes Victory Over VAT Avoidance Scheme

“According to HM Revenue and Customs (HMRC), the scheme, started in 1998, involved the restructuring of a group engaged in the selling of car warranties. This enabled the VAT on car repair services to be recovered. Insurers cannot normally recover … Continue reading

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£150,000 tax fraud accountant faces jail

“A raid of his premises in October 2012 uncovered documents showing that for seven years Moncrieff had overstated his expenses and understated his sales to reduce his tax liability.” Still waiting to see a statement from the Institute for this … Continue reading

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