- A network of corrupt company directors was jailed for over 70 years for planning a £20 million VAT fraud through secret meetings and fake transactions.
- Winnington Networks Ltd (WNL) understated VAT owed to HMRC between 2011 and 2014, using fake VOIP sales and fictitious business chains.
- Key evidence was obtained from hotel meetings where directors openly discussed inventing numbers to offset VAT claims.
- The fraud involved fake offshore banking platforms and recruited VAT-registered businesses to issue false documents in exchange for profit shares.
- A nationwide HMRC operation led to 20 convictions, over 62 years of prison sentences in earlier trials, and more than 100 years of director disqualifications.
Source: nen.press
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- Campaign Urges Government to Remove VAT on Children’s Oral Hygiene Products to Tackle Tooth Decay
- UK Budget 2025: VAT E-Invoicing, Digital Compliance, and Post-Brexit Tax Reforms Announced
- FTT Rules HMRC Closure Notice Bars VAT Registration: Hairdresser’s Turnover Below Threshold, Appeal Allowed
- UK Tribunal Rules Self-Employed Hairdresser Not Liable for VAT Registration Under Rent-a-Chair Model
- EU Insists on VAT Representative for UK Firms Despite British Objections to Import Rules
