- 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"
- VAT Recovery Falls Despite Increased Crackdown on Business Tax Avoidance, HMRC Figures Show
- VAT Late Filing Penalties: Software Failure and Employee Error Not Reasonable Excuse, Appeal Dismissed
- VAT Exemption for Aesthetic Medicine: When Do Cosmetic Treatments Qualify as Medical Care?
- Input VAT Denied: Insufficient Evidence and Pre-Registration Supplies—SM Development North West Ltd Appeal Dismissed
- HMRC Cannot Deny Input VAT Recovery Where Valid Invoice Exists: Eurocent (Buckingham) Ltd v HMRC
