Jaimie Kaffash

Tax Hack

A blog by Jaimie Kaffash, Accountancy Age’s tax reporter

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Carousel fraud is a deadly serious business

01 Jun 2007

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A while ago I wrote about moves by the government to suggest that the tax profession saw carousel fraud as some kind of tax planning, rather than the organised crime it actually is.

Let nobody claim that there is anything mainstream about carousel frauds after the skull of a Scottish accountant was found in the Firth of Clyde.

Andrew Ramsay had been interviewed by Customs & Excise (and had been cleared from suspicion too, apparently) with regard to a carousel fraud.

It's early days, but the whole story does rather put into perspective any views we might have on how awful complicated tax planning is.

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