Michael McGuigan of Lockview Road, Belfast was jailed for 30 months at Belfast Crown Court today.
McGuigan, a director of Zakks (NI) Ltd, and Nagoya Ltd, pleaded guilty to a total of 38 charges of evading £707,000 of PAYE and National Insurance Contributions and £277,849 of VAT from 1992 to 1997.
This is the first joint prosecution of its kind in NI by both Inland Revenue and Customs and Excise.
The fraud, which involved the deliberate supression of takings from five Belfast unisex hairdressing salons, was initially discovered during a VAT inspection in May 1997. This information was passed for further investigation to Inland Revenue’s Special Compliance Office and Customs’ National Investigation Unit.
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