Tuesday, 6 January 2015
Thursday, 18 December 2014
HMRC Target Illicit Fuel Sites
A filling station in County Down has had its pumps removed after HM Revenue & Customs suspected the sale of illicit fuel.
During the operation, (Wednesday 10th December), two separate sites were visited; an oil storage depot where 4,000 litres of suspected illegal fuel were seized, and a filling station where working with specialist contractors, HMRC carefully removed its fuel pumps and an overground fuel storage tank.
National Oils Co-ordinator, HMRC, Pat Curtis said: "Selling illicit fuels creates an unfair playing field and seriously undercuts legitimate traders who should be able to operate without the threat of unfair competition. Retailers who sell illicit diesel will not only face seizure of fuel and equipment from their premises, but also risk losing their license to trade.
"Anyone with information on fuel misuse or suspicious activities can contact the Customs Hotline on 0800 59 5000."
There are ongoing information into the filling station and storage site.
During the operation, (Wednesday 10th December), two separate sites were visited; an oil storage depot where 4,000 litres of suspected illegal fuel were seized, and a filling station where working with specialist contractors, HMRC carefully removed its fuel pumps and an overground fuel storage tank.
National Oils Co-ordinator, HMRC, Pat Curtis said: "Selling illicit fuels creates an unfair playing field and seriously undercuts legitimate traders who should be able to operate without the threat of unfair competition. Retailers who sell illicit diesel will not only face seizure of fuel and equipment from their premises, but also risk losing their license to trade.
"Anyone with information on fuel misuse or suspicious activities can contact the Customs Hotline on 0800 59 5000."
There are ongoing information into the filling station and storage site.
Tuesday, 16 December 2014
Fraudulent Handyman Sentenced
After working as a handyman for more than 20 years, Norfolk man Richard Green, has been imprisoned for three years after deceiving the tax system out of roughly £169,776. The 63 year old confessed to being self-employed since before 1992 without paying an ounce of tax, National Insurance, and failing to register with HMRC.
Assistant Director Criminal Investigation, HMRC, Paul Barton said:
"Green admitted that he should have paid tax on his self-employment but failed to do so. This fraudulent activity is not acceptable when the majority of people pay their dues and play by the rules. If you know of anyone committing tax fraud, you can report them by calling our 24 hour hotline on 0800 59 5000."
On 16th December 2014, Green was sentenced by Norwich Crown Court to three years imprisonment. The fraud was uncovered during HMRC's investigation where officers failed to find any tax returns from himself. Green had told HMRC that his earnings from self-employment reached between £15-£25,000 but after officers checked his bank records for 2007 - 08, they found an income of almost £70,000.
He was charged with Cheating the Public Revenue on 13th November 2013 and pleaded guilty on 26th February 2014.
Assistant Director Criminal Investigation, HMRC, Paul Barton said:
"Green admitted that he should have paid tax on his self-employment but failed to do so. This fraudulent activity is not acceptable when the majority of people pay their dues and play by the rules. If you know of anyone committing tax fraud, you can report them by calling our 24 hour hotline on 0800 59 5000."
On 16th December 2014, Green was sentenced by Norwich Crown Court to three years imprisonment. The fraud was uncovered during HMRC's investigation where officers failed to find any tax returns from himself. Green had told HMRC that his earnings from self-employment reached between £15-£25,000 but after officers checked his bank records for 2007 - 08, they found an income of almost £70,000.
He was charged with Cheating the Public Revenue on 13th November 2013 and pleaded guilty on 26th February 2014.
Wednesday, 10 December 2014
Nottingham Based Beautician Sentenced For Tax Fraud
After cheating the taxpayer out of over £30,000, a Nottinghamshire beautician has been sentenced due to lying about her personal circumstances and income. 30 year old mother of one, Rebecca Eddishaw, failed to inform HM Revenue & Customs that she was receiving two incomes from renting out two separate properties when claiming tax credits.
Assistant Director, Criminal Investigation, HMRC, Stuart Taylor stated: " Eddishaw knowingly carried out this fraud for four years. She purposefully left out her extra income so that she would receive higher tax credits payments, while also failing to pay tax on the rent money she received.
HMRC recognises it is only a minority that are exploiting the system, but we would encourage anyone with information relating to tax credit fraud to call 0800 854 400."
Over a four year period, 2009-2013, Eddishaw failed to declare her property earnings; averting paying more than £13,797 in tax and receiving a higher rate of tax credit, meaning she was overpaid by nearly £16,941.
At Nottingham Magistrates Court, 9th June, Rebecca Eddishaw was charged for three offences:
'Knowingly concerned in the fraudulent evasion of income tax by failing to declare rental income in tax returns to HMRC.'
'Knowingly concerned in fraudulent activity undertaken with a view to obtain payment of Tax Credit by failing to declare rental income.'
'Knowingly concerned in fraudulent activity undertaken with a view to obtain payment of Tax Credit by failing to declare a change in circumstances.'
At the Plea and Case Management Hearing on 6th October, Eddishaw pleaded guilty to all three charges, and on 9th December received an 18 month prison sentence, suspended for 18 months and has been ordered to fulfill 150 hours of unpaid work.
Tuesday, 9 December 2014
Self Assessment for Company Directors
Are you self employed, a partner in a business or a company director? Then you should be aware of the approaching deadline for your Self Assessment Tax Return.
This year, your returns must be submitted to HMRC by 31st January. Any submissions after this date will result in a £100 fine for late filing, and £10 daily penalties will come into effect if returns are still outstanding after 3 months, unless HMRC believe there is a valid reason resulting in this late submission. Examples and all information can be found on https://www.hmrc.gov.uk/online/excuse-missed-deadline.htm, however each case is different and will be considered individually.
If the deadline cannot be met, HMRC must be informed as soon as possible as there may be the option of an extension, or the opportunity to pay in instalments, but this will only apply if contact is made prior to the 31st.
If you need your tax return completed by an accountant, contact U-Tax on 01564 732174. We'll complete your return, have it submitted on time and correspond with HMRC on your behalf, all for just £75 + VAT.
This year, your returns must be submitted to HMRC by 31st January. Any submissions after this date will result in a £100 fine for late filing, and £10 daily penalties will come into effect if returns are still outstanding after 3 months, unless HMRC believe there is a valid reason resulting in this late submission. Examples and all information can be found on https://www.hmrc.gov.uk/online/excuse-missed-deadline.htm, however each case is different and will be considered individually.
If the deadline cannot be met, HMRC must be informed as soon as possible as there may be the option of an extension, or the opportunity to pay in instalments, but this will only apply if contact is made prior to the 31st.
If you need your tax return completed by an accountant, contact U-Tax on 01564 732174. We'll complete your return, have it submitted on time and correspond with HMRC on your behalf, all for just £75 + VAT.
Friday, 28 November 2014
Illegal Tobacco Factory Located in Hampshire
HMRC have uncovered an illicit tobacco processing factory at an industrial unit in Bishop's Waltham, Hampshire.
On November 19th after raiding the tobacco factory, HMRC officers discovered around a tonne of tobacco and counterfeit tobacco pouches along with duty labels and processing machinery. The unit was located after two men were arrested at a road check led by Warwickshire Police at Warwick services, M40. Their van was holding roughly half a tonne of processed tobacco.
HMRC's Assistant Director, Criminal Investigation, John Cooper said:
"Working closely with our partners at Warwickshire Police and the Driver and Vehicle Standards Agency, we have uncovered and closed down an illegal tobacco processing operation. Disrupting criminal trade is at the heart of our strategy to clampdown on the illicit tobacco market, which costs the UK around £2.1 billion a year in lost revenue. This is theft from the taxpayer and undermines legitimate traders. Anyone with information about the illegal production or sale of tobacco should contact the Customs Hotline on 0800 59 5000."
The tobacco confiscated could have filled 30,000 50g tobacco pouches, evading roughly £300,000 in duty tax.
The men; a 36 year old from Portsmouth, and a 28 year old from Glasgow, were both arrested on suspicion of involvement of fraudulent evasion and have been interviewed by HMRC. They are released on bail until May 2015. No further information has been reported at this point as investigations are still under way.
On November 19th after raiding the tobacco factory, HMRC officers discovered around a tonne of tobacco and counterfeit tobacco pouches along with duty labels and processing machinery. The unit was located after two men were arrested at a road check led by Warwickshire Police at Warwick services, M40. Their van was holding roughly half a tonne of processed tobacco.
HMRC's Assistant Director, Criminal Investigation, John Cooper said:
"Working closely with our partners at Warwickshire Police and the Driver and Vehicle Standards Agency, we have uncovered and closed down an illegal tobacco processing operation. Disrupting criminal trade is at the heart of our strategy to clampdown on the illicit tobacco market, which costs the UK around £2.1 billion a year in lost revenue. This is theft from the taxpayer and undermines legitimate traders. Anyone with information about the illegal production or sale of tobacco should contact the Customs Hotline on 0800 59 5000."
The tobacco confiscated could have filled 30,000 50g tobacco pouches, evading roughly £300,000 in duty tax.
The men; a 36 year old from Portsmouth, and a 28 year old from Glasgow, were both arrested on suspicion of involvement of fraudulent evasion and have been interviewed by HMRC. They are released on bail until May 2015. No further information has been reported at this point as investigations are still under way.
Monday, 24 November 2014
London Doctor Sentenced for Tax Evasion
A London GP has been sentenced for tax fraud after an investigation by HMRC discovered he had under-declared his income by £700,000.
Over an eleven year period, Khaled Yasin was paid a total of £1.3 million working as a forensic medical examiner for the Metropolitan Police, where he only paid tax on £655,955 on that amount, and owing £50,000 in interest. The fraud was discovered following a campaign to tackle undeclared tax from doctors and dentists by the HMRC Tax Health Plan.
Assistant director of HMRC's Criminal Investigations, David Margree said: "Yasin thought he could get away with the fraud because he had declared some of his earnings- he was wrong. This was a serious breach of Yasin's professional standards. Had he come forward in 2010, and used the voluntary disclosure campaign to put his financial affairs in order, he could have avoided a criminal record and serious damage to his reputation."
The evasion took place between April 2002 - April 2011 where Yasin also worked for a health centre in Brentford, Hounslow, during this period.
At Isleworth Crown Court, Friday 14th November, Khaled Yasin was found guilty of cheating the public revenue and sentenced to two years imprisonment along with a two year suspension and an order to complete a 200 hour community punishment.
Over an eleven year period, Khaled Yasin was paid a total of £1.3 million working as a forensic medical examiner for the Metropolitan Police, where he only paid tax on £655,955 on that amount, and owing £50,000 in interest. The fraud was discovered following a campaign to tackle undeclared tax from doctors and dentists by the HMRC Tax Health Plan.
Assistant director of HMRC's Criminal Investigations, David Margree said: "Yasin thought he could get away with the fraud because he had declared some of his earnings- he was wrong. This was a serious breach of Yasin's professional standards. Had he come forward in 2010, and used the voluntary disclosure campaign to put his financial affairs in order, he could have avoided a criminal record and serious damage to his reputation."
The evasion took place between April 2002 - April 2011 where Yasin also worked for a health centre in Brentford, Hounslow, during this period.
At Isleworth Crown Court, Friday 14th November, Khaled Yasin was found guilty of cheating the public revenue and sentenced to two years imprisonment along with a two year suspension and an order to complete a 200 hour community punishment.
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