The taxman has swooped to arrest six people in Scotland to smash a suspected
£20m carousel fraud chain.
The arrests followed a 24-month investigation by HM Revenue & Customs
codenamed Operation Vaulter, which included 17 arrests last September.
Carousel fraud, also known as MTIC fraud, has been a major problem for the
taxman. Small high-value goods such as mobile phones are bought VAT-free then
sold on without paying the VAT, with the company going missing.
‘[The] arrests are the result of a lengthy investigation by dedicated
officers who work tirelessly and diligently, fighting criminal attacks on the
tax system,’ said Chris Harrison, director of operations, criminal
investigations at HMRC.
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory