HMRC nabs three on suspicion of £25m VAT fraud

HM Revenue
& Customs
(HMRC) raided a New Malden property this week, arresting
three people on suspicion of VAT fraud, involving the evasion of more than £25m
in tax repayments, and taking them into custody for questioning.

The raid was one of nine carried out across Britain as part of HMRC’s
investigation into suspected VAT fraud. The trio was also arrested on suspicion
of money laundering.

The arrests took place at residential addresses in Teddington, in Middlesex;
Frimley, in Hampshire; and New Malden, after searches in Kettering, Bagshot,
Farnham and New Malden as well as Shepperton and Sutton, in Surrey; and
Teddington and Frimley.

‘Organised criminals are attacking the tax system, with the aim of stealing
huge amounts of revenue,’ Steve Baker, HMRC assistant director of criminal
investigation, said.

Further reading:

the Northamptonshire Evening Telegraph story

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